Preheat the air fryer to 400°F (200°C).
In a medium bowl, combine baby carrots, olive oil, salt, pepper, thyme, and garlic powder; toss to coat thoroughly.
Place the seasoned carrots in the air fryer basket in a single layer to ensure even airflow.
Cook for 15 minutes, pausing to shake the basket at the 8-minute mark.
Check for tenderness; if necessary, cook for an additional 2-5 minutes until edges are slightly charred and caramelized.
Remove from the air fryer and serve hot as a side dish.