.Costs Vikram Handa, Managing Director, Epsilon Advanced Materials3 min reviewed Last Updated: Aug 07 2024|11:20 PM IST.Epsilon Advanced Materials, a Mumbai-based maker of graphite anodes (and also quickly cathodes), which are actually vital components in electricity vehicle (EV) electric batteries, is actually pressing the Indian authorities to discuss a Critical Raw Products Act with the United States. This will make sure that battery components shipped from India to the US follow the US Rising Cost Of Living Reduction Act (INDIVIDUAL RETIREMENT ACCOUNT).The individual retirement account supplies several incentives to accelerate EV adoption in the automotive field. If signed, the deal could set up India as a crucial center for international electric battery product exports.Vikram Handa, dealing with director of Epsilon, claims that under the IRA, anFirst Released: Aug 07 2024|11:20 PM IST.