.Costs Vikram Handa, Handling Supervisor, Epsilon Advanced Materials3 min checked out Last Upgraded: Aug 07 2024|11:20 PM IST.Epsilon Advanced Products, a Mumbai-based manufacturer of graphite anodes (and also soon cathodes), which are crucial elements in electric vehicle (EV) electric batteries, is driving the Indian federal government to arrange a Vital Raw Materials Act with the US. This would certainly make certain that battery products transported coming from India to the US adhere to the United States Inflation Decrease Process (INDIVIDUAL RETIREMENT ACCOUNT).The individual retirement account offers various motivations to speed up EV adopting in the motor vehicle market. If authorized, the contract could possibly position India as an essential hub for worldwide battery material exports.Vikram Handa, taking care of supervisor of Epsilon, states that under the individual retirement account, anFirst Released: Aug 07 2024|11:20 PM IST.