According to a recent LinkedIn post from Plug, the company is positioning its model for used electric vehicle (EV) wholesale as a faster, more automated alternative to traditional auction and dealer channels. The post describes a process in which Plug takes ownership of vehicles and reduces the time from acquisition to dealer purchase to about two days.
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The LinkedIn post highlights that cash offers on vehicles reportedly average nine minutes, with about 30% already generated instantly and an internal target of 95% to 99% instant offers. This emphasis on automation and reduced physical handling suggests a cost- and time-efficiency focus that could support higher transaction velocity, potentially improving capital efficiency and margins in the used EV remarketing space.
As described in the post, Plug’s approach appears aimed at stripping out manual steps such as physical inspections, transport through auction lanes, and long settlement cycles of 30 to 60 days. For investors, if this model scales while managing underwriting and residual-value risk, it could strengthen Plug’s competitive position in EV remarketing and align with broader digital transformation trends in automotive wholesale.