.Costs Vikram Handa, Managing Supervisor, Epsilon Advanced Materials3 minutes read through Last Improved: Aug 07 2024|11:20 PM IST.Epsilon Advanced Materials, a Mumbai-based manufacturer of graphite anodes (and also soon cathodes), which are actually important elements in power automobile (EV) electric batteries, is pushing the Indian federal government to work out an Essential Raw Products Act with the United States. This will make sure that battery materials transported coming from India to the US adhere to the US Rising Cost Of Living Reduction Process (INDIVIDUAL RETIREMENT ACCOUNT).The IRA offers various incentives to accelerate EV adoption in the vehicle industry. If signed, the deal could possibly set up India as an essential center for worldwide electric battery component exports.Vikram Handa, managing director of Epsilon, says that under the IRA, anFirst Released: Aug 07 2024|11:20 PM IST.