Best Vegan Carrot Cake (Oil-free!)

This vegan carrot cake is incredibly moist, fluffy, and easy to make. The key to its rich taste is a combination of applesauce and molasses. The cake is oil-free and refined sugar-free, except for the frosting. Simply mix the dry and wet ingredients separately, combine, and bake for 30-35 minutes. Cool before frosting with vegan vanilla buttercream or a tangy cream cheese frosting.