Lithium-ion battery formation affects battery cost, energy density, and lifetime. An improved understanding of the first cycle of solid-electrolyte interphase (SEI) growth on carbonaceous negative electrodes could aid in the design of optimized formation protocols. In this work, we systematically study SEI growth during the formation of carbon black negative electrodes in a standard carbonate electrolyte. We show that the initial ethylene carbonate (EC) reduction reaction occurs at ∼0.5-1.2 V during the first lithiation, except under fast lithiation rates (⩾10C). The products of this EC reduction reaction do not passivate the electrode; only the SEI formed at lower potentials affects the second-cycle Coulombic efficiency. Thus, cycling quickly through the voltage regime of this reaction can decrease both formation time and first-cycle capacity loss, without an increase in subsequent-cycle capacity loss. We also show that the capacity consumed by this reaction is minimized at low temperatures and low salt concentrations. Finally, we discuss the mechanism behind our experimental results. This work reveals the fundamental processes underlying initial SEI growth on carbonaceous negative electrodes and provides insights for both optimizing the battery formation process and enabling novel electrolytes.