The ES 300h is the hybrid version of Lexus's executive sedan — 2.5L hybrid system, 215 combined horsepower, FWD only. The volume hybrid Lexus sedan and the right call for most ES buyers.
Three trims: Premium, Luxury, and Ultra Luxury. The Luxury is the volume choice and where most ES 300h pricing negotiates the hardest. Ultra Luxury, the top trim, adds the rear-seat heating and ventilation and the upgraded audio.
Pricing is among the most negotiable in the Lexus sedan lineup. Below-MSRP ES 300h listings appear consistently across all trims. For buyers who don't need AWD and value fuel economy and quiet refinement, the ES 300h Luxury is one of the best values in the Lexus showroom.
By Marcus Bell, Editor · Updated May 12, 2026