Plug Launches EV Trade-In Solution
Plug, the only wholesale online auction platform exclusively for electric vehicles (EVs), has introduced Trade Desk, a pioneering service aimed at assisting dealers in pricing, managing, and profiting from EV trade-ins.
Plug: $6.7 Million (Seed) Funding Raised For EV-Exclusive Wholesale Auction Platform
EV-exclusive wholesale online auction platform, announced it is expanding its offerings with the launch of Trade Desk.
Plug Opens Online EV-Exclusive Trade-In Service
Plug, an EV-exclusive wholesale online auction platform, recently launched Trade Desk, an EV-focused service to help dealers confidently price, move, and monetize EV trade-ins.
Plug's Groundbreaking Initiatives in the Electric Vehicle Sector
The EV-specific data incorporated into every vehicle listing ensures buyers have access to precise insights, allowing for transparent and informed transactions. This contrasts starkly with traditional platforms, setting Plug apart as an industry frontrunner.
Plug Opens Online EV-Exclusive Trade-In Service
"Online wholesale vehicle auctions aren’t new, but before Plug, there wasn’t a specific auction that handled the nuances of EV transactions," said Burak Cendek, partner at Autotech Ventures, in an April 8 news release.
Plug secures $6.7 million in seed funding and launches Plug Trade Desk™
Fueled by Seed Round Funding, Plug Surpasses $15 Million in Used EVs Sold As the Market Faces an Influx of Off-Lease Vehicles
Meet Jimmy Douglas | Founder and CEO
We make used EVs profitable for any used car dealer, which will increase wholesale competition and normalize the market.
Predictions for the 2025 used EV market - preparation is key
Electric vehicles have grown more popular over the last year, but questions about their long-term profitability remain.
Meet the 40 under 40, Auto Remarketing Oct 2024
Jimmy Douglas, CEO of Plug, recognized in the October issue of Auto Remarketing.
Meet the '40 Under 40: Industry' honorees for 2024
Jimmy Douglas, CEO of Plug, to be recognized in the upcoming October issue of Auto Remarketing and at Used Car Week, which is being held Nov. 18-21 at the Westin Kierland Resort in Scottsdale, Ariz.
Let's Zoom Out for a Minute with Kia America and Plug
James Bell, Head of Corporate Communications at Kia America, and Jimmy Douglas, CEO of Plug, discuss the broader aspects of EV and its adoption in the U.S.
Busting Down Some Media Myths About EVs
Douglas cited his company data showing that Hertz’s move has introduced used EVs to a wider market of dealers who are getting into the EV resale game for the first time.
Intersection: EVs and Virality
Two of the top 25 used EV dealers in the nation and pioneers in the secondary EV market will join Plug CEO and Founder Jimmy Douglas to discuss their varying business models and successful use of social media to attract new buyers and drive sales.
ASOTU CON Interview
During ASOTU CON 2024, Jordan Cox had the opportunity to catch up with Joe Pak of Amber and Jimmy Douglas of Plug. They talked about the challenges of the used EV market and the products they're working on to help dealers succeed.
A “Frunking Good Time” in a Ford F-150 Lightning
Jimmy Douglas, CEO of Plug, Heather Graham, Digital Director for Bob Bell Automotive and Ed Mallard, Ford Sales Consultant at Bob Bell Ford join me for a quick test drive of the Ford F-150 Lightning
Startups Plug, Yendo win 2024 Demo Challenge
Two winners tied for the crown during today’s Auto Finance Summit East demo challenge, marking the first dual win in event history: Yendo and Plug.
Would You Buy A Used EV … From Anybody?
Used prices have come down dramatically, but a wholesaler and a new car dealer remain optimistic about the market.
Can't afford a new EV but want to dip toes in growing market?
“I believed that the big used EV market was set for exponential growth," Douglas told the Detroit Free Press when asked why he left Tesla to start Plug. "But the way they are bought, sold and marketed to consumers is ... an inefficient market."
2024 Cherokee Media Group Emerging 8 honorees announced
Industry leaders believe these firms are on the cusp of automotive innovation and tech development. They’re all “on to something” that could turn the dial on their respective aspects of automotive. This year’s honorees include Plug.
Online EV auction platform Plug adds VP to lead dealer growth
Susan O'Rourke is now Plug's Vice President of Sales and Business Development. O'Rourke, who was a 2023 honoree in Cherokee Media Group's “40 Under 40: Industry” program, was most recently head of sales at digital auto auction Carmigo.
EV CPO Leasing: An Untapped Market with Potential for Growth
"A used EV has already seen the most intense of its depreciation upfront. Now the depreciation curve is relatively flat, it should be a very low cost way to get behind the curve." - Jimmy Douglas
Buyers are worried about EVs' residual value. This startup aims to demystify it.
We’re seeing a wave of used electric vehicles hit the market. But buyers understandably have a lot of questions, especially about the uncertainty around residual value of an electric vehicle.
Dealers want better answers to used EV questions, including reliability and valuation
“It makes it difficult for an equivalent used unit to retain much of its original sticker price when it's already competing with, in some cases, over $10,000 of incentives compared to one that's brand-new,” Plug's CEO Jimmy Douglas says.
The first big batch of used EVs will hit the market in 2026. No one knows what’s going to happen
“The used EV market will grow 45x in the next decade,” Douglas says. This will shift the entire used car industry.
Auctions expect a lot more BEVs in 2024 and are making preparations to handle them
The small volume of BEVs on the wholesale market right now is benefiting the finite number of dealers who are “assertively acquiring” them, Jimmy Douglas, CEO of Plug, told Auto Remarketing.
In the Passenger's Seat by ACV
Matt is pulling double duty as he is joined in the passenger's seat by Jimmy Douglas from Plug AND Igor Skinder from VW of America
Wholesale Marketplace Designed to Move Used EVs
Plug’s marketplace is “something we desperately need,” Alex Lawrence of EVAuto says. “I’d love to buy all my cars that way if I could.”
Online EV Wholesaler Plug Powers Dealers With Data
Plug CEO Jimmy Douglas calls for “democratizing” access to information about features and technology that are unique to EVs.
WardsAuto Podcast: Lots of Opportunities and Startups Around Commercial EVs
David Kiley speaks with Plug founder and CEO Jimmy Douglas, a former Tesla executive who sees the opportunity to broker sales of used EVs for dealers and fleet managers.
Live from Used Car Week with Steve Greenfield and NAVIcon Winner Jimmy Douglas of Plug
Plug won the 3rd Annual NAVIcon Cup, pitching against other tech startups to a panel of industry leading judges, including ASOTU’s own Kyle Mountsier.
The entrepreneurs and investors leading the automotive tech revolution
Today, our new company to watch is Plug, the winner of this year’s NAVIcon cup. So let’s find out a bit more about this year’s winner.
Automotive News Video: New online platform for used EVs
Jimmy Douglas, CEO of Plug talks with Jamie Butters about what makes Plug's platform unique in the changing used-EV marketplace.
Automotive News Daily Drive Podcast
GM and Unifor reach a tentative deal in Canada. Stellantis and Samsung SDI pick a spot for a second U.S. joint EV battery plant. Plus, Plug CEO Jimmy Douglas talks about the changing nature of the used EV market.
Tesla is Apple, Everything Else is Android with Jimmy Douglas | Auto Collabs
The brain behind Plug takes us on a thrilling journey from his humble beginnings in a Volkswagen service bay to being the CEO of his own groundbreaking company.
Jimmy Douglas | ASOTU CON Sessions
Jimmy Douglas and Kyle Mountsier sit down to chat at ASOTU CON 2023.
Once You Go Electric, You Never Go Back?
Pioneers in the used EV space share lessons learned and critical strategies to deal with new forms of valuation, developing technology, and the constant price shifting from OEMs.
Plug Revealed
Jimmy Douglas reveals his new company Plug at ASOTU CON 2023.
Buy and Sell Used EVs on New Online Marketplace
Plug was developed to cater to dealers actively procuring used EVs and those seeking efficient turnover of used EV trade-ins.
Plug Announcement: Live From ASOTU CON
Former Tesla executive Jimmy Douglas announces the beta launch of Plug at ASOTU CON 2023.
Former Tesla executive launches wholesale marketplace for used EVs
The market for used electric vehicles is still in its infancy, but a startup founded by a former Tesla executive aims to accelerate its maturity.
Plug announces used EV wholesale marketplace
Plug invites dealers and fleet operators to their wholesale marketplace for used EVs.