2024 Lexus TX Models Explained: TX 350 vs. TX 500h vs. TX 550h+

Shopping for a Lexus TX? With a real adult-size third row and three powertrain choices, here’s what sets the TX 350, TX 500h, and TX 550h+ apart.

Let’s be honest: mid-size SUVs with a subpar 3rd-row just aren’t going to cut it anymore. A severe lack of passenger space and features, plus limited cargo space behind that last row, Families deserve better.

RelatedLexus SUV Models Up Close: Smallest to Biggest

2024 Lexus TX Pricing and Trim Overview

2024 Lexus TX F Sport logo on front grill
Daniel Rufiange

Lexus responds with a stylish, luxury mid-size SUV sporting a proper adult-size 3rd-row for the first time. The 2024 TX will be offered in three models: TX 350, TX 500h (F SPORT Performance), and TX 550h+. And in four grades: Standard, Premium, Luxury and F SPORT Performance (in Canada: Premium, Ultra Luxury, Executive and F SPORT Performance 2 and 3).

Release Date: Lexus tells us the 2024 TX 350 and 500h are expected to go on sale Fall 2023. The range-topping, 406 horsepower TX 550h+ with the new 3.5L V6 PHEV will arrive at a later date, but Lexus hasn’t confirmed when just yet. 

Each model arrives with its own powertrain, differentiating these TX models to satisfy various needs. Here’s a closer look them all. For a closer look at all 2024 TX features and specs, read our full story – 2024 Lexus TX Release Date, Price & Preliminary Specs: Here’s What We Know.

(Updated) TX Price: please see below.

Model (United States)Starting MSRP (USD)
TX 350 FWD$55,050
TX 350 Premium FWD$58,450
TX 350 Luxury FWD$60,950
TX 350 AWD$56,650
TX 350 Premium AWD$60,050
TX 350 Luxury AWD$62,550
TX 500h F SPORT$69,350
TX 500h Performance Premium AWD$72,650
TX 500h Performance Luxury AWD$78,500
Model (Canada)Starting MSRP (CAD)
TX 350 Luxury$68,750
TX 350 Ultra Luxury$71,500
TX 350 Executive (7 passengers)$79,500
TX 350 Executive (6 passengers)$80,250
TX 500h F SPORT Performance 2$84,200
TX 500h F SPORT Performance 3$90,200

Lexus TX 350: Entry-Level Turbo Power

2024 Lexus TX 350 Luxury front view
2024 Lexus TX 350 Luxury
  • Status: entry-level trim
  • Engine: 2.4L Turbo Gas
  • Best feature: balancing power and fuel efficiency

Kicking things off is the entry-level TX 350. It borrows the same 2.4L turbocharged inline-4 engine from its RX and NX siblings — a pair of Lexus SUVs relatively more minor than the TX. That said, its 275 horsepower and 317 lb.-ft of torque are adequate to move this mid-size hauler — from suburban treks to hitting the highway. But clearly, and like the Grand Highlander entry model, the TX 350 is all about efficiency over performance, with a rated 21 mpg (combined) fuel rating. 

2024 Lexus TX 350 Luxury rear view
2024 Lexus TX 350 Luxury

It offers two drivetrains, both FWD and AWD (AWD only in Canada), mated to an eight-speed automatic transmission. In order to get the 22-inch wheel upgrade over the standard 20-inch wheels, you’ll need the TX 350 Luxury grade.

RelatedSUV Comparo: The Toyota Grand Highlander Vs. Lexus TX

Lexus TX 500h: Hybrid Performance With F SPORT Attitude

2024 Lexus TX 500h rear view
2024 Lexus TX 500h. Photo: Daniel Rufiange
  • Status: mid-level trim
  • Engine: 2.4L Turbo Hybrid
  • Best feature: only the F SPORT Performance TX model

The TX 500h with DIRECT4 AWD only offers a 2.4L turbocharged Parallel Hybrid system and is available exclusively as F SPORT Performance — a system we first experienced with the 2023 Lexus RX. Paired with a 6-speed auto transmission. It’s an F SPORT, so don’t expect typical mid-size SUV driving dynamics. The TX 550 makes 366 horsepower and a whopping 409 lb.-ft of torque. You’ll get all eight passengers to the movies in no time. 

2024 Lexus TX 500h. Photo: Daniel Rufiange
2024 Lexus TX 500h. Photo: Daniel Rufiange

For reference, the Toyota Grand Highlander we drove makes 362 horsepower and 400 lb.-ft of torque, courtesy of the 2.4L Hybrid MAX, the SUV’s most powerful system. Torque felt almost immediate, turbo power was instant, and the Hybrid-MAX’s direct shift 6-speed transmission is a big reason for this surprisingly quick acceleration.

We anticipate the is Lexus 2.4L hybrid will be even sharper and refined on the roads. Fuel economy rated at 24 MPG, city/highway combined, and sports standard 22-inch wheels.

Lexus TX 550h+: The Range-Topping Plug-In Hybrid

2024 Lexus TX 500h F Sport parked outside
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange
2024 Lexus TX F Sport close up of front grill design
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange
  • Status: range-topping trim
  • Engine: 3.5L V6 Plug-in Hybrid
  • Best feature: powerful PHEV powertrain

Finally, the range-topping, 406-horsepower TX 550h+ with the 3.5L V6 PHEV pairs a powerful V6 engine with a plug-in hybrid system. Paired exclusively to a CVT transmission (electronic CVT, we presume), the TX is the first Lexus to get this new hybrid V6 powertrain. 

Available only with DIRECT4 AWD, Lexus describes the new engine as “a distinctive driving experience with serene quietness, smooth acceleration.” We’ll know once we drive it, but it’s a Lexus, so we anticipate refined handling. The manufacturer’s estimated EV range rating is 33 miles.

2024 Lexus TX 500h F Sport in silver rear shot parked on street overlooking city
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange
2024 Lexus TX F Sport close up of Lexus wording on rear above red strip light
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange

Key Design and Interior Features

Whereas the larger, redesigned Lexus GX and Lexus LX adopt Lexus’s GA-F platform, the TX sits on the GA-K platform for a low centre of gravity and better weight distribution. All TXs receive the new Lexus Unified Spindle design up front, which looks sharp and offers aerodynamic handling and vehicle stability.

Inside, Lexus solves this with the TX’s adult-sized 3rd-row offering ample legroom and decent cargo space of 20.1 cubic feet behind the third row. As with the cousin Grand Highlander’s interior, that’s good for up to 7 carry-on suitcases. 

2024 Lexus TX F Sport interior trunk space with 3rd row up
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange

Standard Features and Available Upgrades

Below are some key features. This includes standards across all models — TX 350, TX 500h, and TX 550h+ — plus, some optionals we know will be standard on higher grades. All TX models get wireless Apple CarPlay Integration and Android Auto compatibility. If you opt for the 14-inch Multimedia Touchscreen Display, then Lexus Interface comes standard. 

Options will include the 21-speaker Mark Levinson Premium Surround Sound System. Depending on the TX grade, captain’s chairs or a 60:40 split-folding bench are available. All rows in all models have accessible storage.

2024 Lexus TX F Sport interior front cabin view
2024 Lexus TX 500h F Sport. Photo: Daniel Rufiange

One nifty (i.e. premium) feature standard with all TXs you won’t find with Grand Highlander is the switch on the 2-row seat shoulder, where the seat tilts forward, and the slide assist spring slides and folds the second-row seats. (Toyota? It’s all manual. Modest, we know). Shopping for a 2024 SUV? Here are some other 2024 SUV models to consider.

2024 Lexus TX Specs

Performance Specs:

SpecTX 350TX 500hTX 550h+
Engine2.4L Turbo Gas2.4L Turbo Hybrid3.5L V6 Plug-in Hybrid
Horsepower275 hp366 hp406 hp
Torque317 lb.-ft409 lb.-ft
Transmission8AT6ATCVT
DrivetrainFWD/AWDDIRECT4 AWDDIRECT4 AWD
Fuel Economy (city & hwy combined)21 mpg (11.2 L/100 km)24 mpg (9.8 L/100 km)30 mpg, 31 mi. EV range (7.8 L/100 km, 53 km. EV range)

Exterior Dimensions and Cargo Space

SpecTX 350TX 500hTX 550h+
Length203.1 in (5,160 mm)203.5 in (5,170 mm)203.1 in (5,160 mm)
Width78.3 in (1,989 mm)78.3 in (1,989 mm)78.3 in (1,989 mm)
Height70.1 in (1,780 mm)70.1 in (1,780 mm)70.1 in (1,780 mm)
Wheelbase116.1 in (2,949 mm)116.1 in (2,949 mm)116.1 in (2,949 mm)
Wheels (standard)20 inch22 inch22 inch
Tires (standard)20” – 255/5522” – 255/4522” – 255/45
ConfigurationCargo Capacity
Behind 3rd row20.1 cu. ft. (569 L)
3rd row folded57.4 cu. ft. (1,625 L)
2nd row folded97.0 cu. ft. (2,747 L)

2024 Lexus TX Colours

Interior Colours: Peppercorn, Birch, Black

Exterior Colours: Cloudburst Gray, Wind Chill Pearl, Caviar, Matador Red Mica, Nightfall Mica, Incognito, Celestial Silver Metallic

TL Staff
TL Staff
Quick takes and news updates from the TractionLife editorial desk.

Up Next