Preheat the oven to 325°F. Grease a 9×5-inch loaf pan. Set aside.
In a large bowl, whisk the 1 2/3 cups (205g) all-purpose flour, 1 1/2 teaspoons baking powder, 1/2 teaspoon baking soda, 1 tablespoon ground cinnamon, 1 teaspoon nutmeg, and 1/4 teaspoon ground cloves together until combined.
In a medium bowl, stir the 1 cup (115g) unsweetened applesauce, 3/4 cup (168g) vegetable oil (extra-virgin olive oil, melted coconut oil or canola oil will work), 1 cup (200g) granulated sugar, 1/3 cup (65g) light brown sugar, and 1 teaspoon salt together until combined. Mix in the 3 large eggs and 1 teaspoon vanilla extract.
Pour wet ingredients into the dry ingredients and gently mix together. There will be a few lumps. Do not overmix.
Pour the batter into the prepared loaf pan. Bake for 60 to 65 minutes and until a tester comes out clean from the center.
Let cool in the pan on a wire rack for about 20 minutes. Then invert the bread onto the rack, turn right side up, and let cool completely.
Make the glaze by stirring together the 1 1/2 cup (180g) powdered sugar, 2 tablespoons real maple syrup and 2 tablespoons milk. If glaze is too thick, add more milk 1 tsp at a time. If glaze is too thin, add more confectioners' sugar 1 tsp at a time. Be sure to whisk until smooth after each addition before adding more. Place parchment paper under the wire rack. Drizzle desired amount of glaze over the bread and allow 30 minutes or so for it to set.
Cover and store leftover bread at room temperature for up to 3-4 days or in the refrigerator for up to about 1 week.