Heat oven to 350 F.
Spray Bundt pan generously with cooking spray.
In a large bowl, whisk together oil and sugars until well combined.
Add eggs, one at a time, whisking to completely combine after each addition.
Add vanilla extract and whisk to combine.
Add baking powder, baking soda, cinnamon, cloves, nutmeg and salt; whisk to combine, then stir in flour with a spatula.
Fold in carrots.
Pour into prepared Bundt pan.
Bake in preheated oven for 45-50 minutes, until golden on top and baked through.
Let cool in the pan for 10 minutes, then turn cake out onto a wire rack and cool completely.