PLUG NAMED EXCLUSIVE WHOLESALE PARTNER FOR RECURRENT'S EV SELLING PLATFORM

Consumers listing EVs on Recurrent now receive rapid data-backed offers from Plug

SANTA MONICA, Calif., July 15, 2025 /PRNewswire/ -- Plug, the only online wholesale auction platform designed specifically for used electric vehicles, has been named the exclusive wholesale partner for Recurrent's consumer-facing "Sell with Recurrent" service. Sellers can now receive a guaranteed offer for their used EVs in less than an hour.

Plug will purchase consumer vehicles sold through Recurrent and offer them to dealers through its auction. Rather than waiting 24 hours for bids, Plug will now be able to provide Recurrent's sellers with a competitive offer in under an hour by aggregating real-time buying activity from its 500-dealer network.

"Recurrent customers want to sell their EVs quickly with a competitive offer to a buyer that really understands EVs," said Scott Case, CEO and co-founder of Recurrent. "Integrating Plug delivers fast, firm pricing to our customers backed by a strong network of EV specialist dealers. This partnership gives our users a seamless, confident selling experience."

Using its proprietary technology and deep EV expertise, Plug evaluates each vehicle based on VIN-level data and criteria unique to EVs, including battery health, software-enabled features, charging network access, and federal tax credit eligibility, to deliver accurate, market-rate offers quickly and with confidence.

After Plug purchases vehicles from the Recurrent driver community, they are immediately relisted on its wholesale auction and available for dealers to purchase. Inventory is clearly marked as Recurrent-sourced, giving dealers instant access to guaranteed-to-sell, consumer-sourced inventory backed by real-time data and complete Recurrent battery history reports.

"This partnership expands access to quality EV inventory for our dealer network and reinforces Plug's position as the most efficient path to transact used EVs," said Jimmy Douglas, founder and CEO of Plug. "By integrating directly with Recurrent, we're making it easier than ever for dealers to source vehicles backed by real-time, EV-specific data that enables confident pricing and lightning-fast transactions."

Plug has facilitated more than $20 million in used EV sales since launching in 2023. The company has a network of nearly 500 dealers and consignors nationwide on its platform. Most EVs listed on the platform receive market-rate offers within 24 hours, making it the industry leader in EV wholesale sales conversions.

"When dealers can acquire used EVs with zero ambiguity around EV-specific value-driving factors, they can confidently bid to match their market's pricing and velocity dynamics, leading to more aggressive competition for the best units," added Douglas. "That's why the same inventory performs better on Plug than on legacy platforms, and why we can bid on Recurrent customer trade-ins so competitively."

Once an EV is sold on Plug, it is transported directly from the consumer to the purchasing dealer.

About Plug
Plug is a wholesale platform built exclusively for used electric vehicles. Designed for dealers and commercial consignors, Plug's EV-specific data, systems and expertise bring confidence to the buying and selling process. With the addition of Trade Desk™, dealers can quickly get cash offers or list EV trade-ins directly into the auction, eliminating guesswork and maximizing value. Plug empowers dealers to make faster and profitable decisions with a partner they can trust. For more information, visit https://plug.vin.

About Recurrent
Recurrent uses real-world insights from thousands of electric vehicles to answer shopper questions in a simple and visual way. Stakeholders from across the automotive industry use Recurrent to be successful with both new and used EVs. For more information, visit https://www.recurrentauto.com/dealers.

View original content:https://www.prnewswire.com/news-releases/plug-named-exclusive-wholesale-partner-for-recurrents-ev-selling-platform-302504926.html

SOURCE Plug