.Costs Vikram Handa, Handling Director, Epsilon Advanced Materials3 min reviewed Last Upgraded: Aug 07 2024|11:20 PM IST.Epsilon Advanced Products, a Mumbai-based maker of graphite anodes (and soon cathodes), which are important components in power vehicle (EV) electric batteries, is driving the Indian authorities to bargain an Important Raw Materials Act with the US. This would ensure that battery products transported from India to the United States abide by the United States Inflation Decrease Process (INDIVIDUAL RETIREMENT ACCOUNT).The IRA uses various rewards to speed up EV adopting in the automotive market. If signed, the arrangement can install India as a crucial hub for international electric battery material exports.Vikram Handa, handling director of Epsilon, mentions that under the individual retirement account, anFirst Posted: Aug 07 2024|11:20 PM IST.