.Fee Vikram Handa, Managing Director, Epsilon Advanced Materials3 min read through Final Updated: Aug 07 2024|11:20 PM IST.Epsilon Advanced Materials, a Mumbai-based producer of graphite anodes (and also soon cathodes), which are crucial elements in power motor vehicle (EV) batteries, is actually pressing the Indian federal government to arrange a Vital Raw Materials Act with the US. This would make certain that electric battery components transported from India to the United States observe the US Rising Cost Of Living Reduction Process (INDIVIDUAL RETIREMENT ACCOUNT).The individual retirement account gives various incentives to increase EV fostering in the automotive sector. If signed, the arrangement could possibly set up India as a crucial center for worldwide electric battery component exports.Vikram Handa, dealing with director of Epsilon, mentions that under the individual retirement account, anFirst Released: Aug 07 2024|11:20 PM IST.