<PAGE>
 
     As filed with the Securities and Exchange Commission on March 10, 1999
                                                            File No. 333-
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    Form S-8
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933



                           ELECTRIC FUEL CORPORATION
             (Exact name of registrant as specified in its charter)

    Delaware                                                  95-4302784
(State or other jurisdiction                               (I.R.S. Employer
of incorporation or organization)                        Identification Number) 
                            
                               _________________

                               885 Third Avenue
                                  Suite 2900
                           New York, New York  10022
                       (Address, including zip code, of
                   registrant's principal executive offices)

                               _________________


                 1998 Non-Executive Employee Stock Option and
           Restricted Stock Purchase Plan Amended and Restated 1993
                Stock Option and Restricted Stock Purchase Plan
                              (Full title of plan)

                               _________________

                            Jane D. Goldstein, Esq.
                                  Ropes & Gray
                            One International Place
                          Boston, Massachusetts  02110
                                 (617) 951-7000
          (Name and address, including zip code, and telephone number,
      including area code, of agent for service of process for registrant)

                        CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
 Title of securities to       Amount to be            Proposed maximum            Proposed maximum         Amount of
 be registered                 registered        offering price per share (3)  aggregate offering price  registration fee
-------------------------------------------------------------------------------------------------------------------------
<S>                       <C>                   <C>                           <C>                       <C>
Common Stock               1,500,000 shares (1)        $3.3125                       $ 4,968,750             $1,381.31
                           1,500,000 shares (2)        $3.3125                       $ 4,968,750             $1,381.31
-------------------------------------------------------------------------------------------------------------------------
Total                      3,500,000 shares            $3.3125                       $ 9,937,500             $2,762.63
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

(1) Shares of common stock, $.01 par value (the "Common Stock"), of Electric
    Fuel Corporation (the "Company") issuable upon exercise of options granted
    under the Company's 1998 Non-Executive Employee Stock Option and Restricted
    Stock Purchase Plan (and an indeterminate number of additional shares of
    Common Stock which may be issued under such plan as a result of stock
    splits, stock dividends or similar transactions in accordance with the
    provisions of such plan).
(2) Shares of Common Stock issuable upon exercise of options granted under the
    Company's Amended and Restated 1993 Employee Stock Option and Restricted
    Stock Purchase Plan (and an indeterminate number of additional shares of
    Common Stock which may be issued under such plan as a result of stock
    splits, stock dividends or similar transactions in accordance with the
    provisions of such plan).
(3) Determined pursuant to Rule 457(h) under the Securities Act of 1933 solely
    for purposes of calculating the registration fee and based on the average of
    the high and low prices of the Common Stock reported on the Nasdaq National
    Market on March 9, 1999.


================================================================================
                            Exhibit Index on page 8
<PAGE>
 
                                     PART I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Note:  The document(s) containing the information required by Item 1 of this
Form S-8 and the statement of availability of information of Electric Fuel
Corporation (the "Company"), and other information required by Item 2 of this
Form will be sent or given to employees as specified by Rule 428 under the
Securities Act of 1933, as amended (the "Securities Act").  In accordance with
Rule 428 and the requirements of Part I of Form S-8, such documents are not
being filed with the Securities and Exchange Commission (the "Commission")
either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424.  The Company shall maintain a file of such
documents in accordance with the provisions of Rule 428.  Upon request, the
Company shall furnish to the Commission or its staff a copy of any or all of the
documents included in such file.
<PAGE>
 
                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

     The Company hereby incorporates by reference the following documents and
information heretofore filed with the Securities and Exchange Commission (the
"Commission"):

   (a) The Company's Annual Report on Form 10-K for the fiscal year ended
       December 31, 1997;

   (b) The Company's Annual Report to Stockholders for the fiscal year ended
       December 31, 1997;

   (c) The Company's Quarterly Reports on Form 10-Q for the quarters ended March
       31, 1998, June 30, 1998 and September 30, 1998;

   (d) The description of the common stock of the Company contained in the
       Company's Registration Statement on Form 8-A filed under the Securities
       Exchange Act of 1934, as amended (the "Exchange Act") on February 2,
       1994, and any amendment or report filed for the purpose of updating any
       such description; and

   (e) All other reports filed by the Company with the Commission pursuant to
       Section 13(a) or Section 15(d) of the Exchange Act of the since the end
       of the fiscal year covered by the Registrant's Annual Report referred to
       above.

   All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective
amendment to this Registration Statement that indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference herein and to be a part hereof
from the date of the filing of such documents.

Item 4.  Description of Securities.

         Not required.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

     The Company is a Delaware corporation.  Section 102(b)(7) of the Delaware
General Corporation Law (the "DGCL") enables a corporation in its original
certificate of incorporation or an amendment thereto to eliminate or limit the
personal liability of a director to the corporation or its stockholders for
monetary damages for violations of the director's fiduciary duty, except (i) for
any breach of the director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (iii) pursuant to Section
174 of the DGCL (providing for liability of directors for unlawful payment of
dividends or unlawful stock purchases or redemptions) or (iv) for any
transaction from which a director derived an improper personal benefit.  The
Certificate of Incorporation and By-Laws of the Company contain provisions
eliminating the liability of directors to the extent permitted by Section
102(b)(7) of the DGCL.

     Section 145 of the DGCL provides that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
<PAGE>
 
criminal or investigative (other than an action by or in the right of the
corporation) by reason of the fact that he is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. Section 145 further provides that a corporation similarly
may indemnify any such person serving in any such capacity who was or is a party
or is threatened to be made a party to any threatened, pending or completed
action or suit by or in the right of the corporation to procure a judgment in
its favor, against expenses actually and reasonably incurred in connection with
the defense or settlement of such action or suit if he acted in good faith and
in a manner he reasonably believed to be in or not opposed to the best interests
of the corporation and except that no indemnification shall be made in respect
of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the corporation unless and only to the extent that the Delaware
Court of Chancery or such other court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the Court of Chancery
or such other court shall deem proper.

     Section 10 of the Company's Amended and Restated Certificate of
Incorporation ("Certificate of Incorporation") provides that the Company's
Directors shall not be liable to the Company or its stockholders for monetary
damages for any breach of fiduciary duty as a director to the fullest extent
permitted by the DGCL.

     Section 11 of the Company's Certificate of Incorporation provides that the
Company shall, to the maximum extent permitted under the DGCL, indemnify any
person who was or is made a party or is threatened to be made a party to any
threatened, pending or completed action, suit, proceeding or claim, whether
civil, criminal, administrative or investigative (herein a "proceeding"), by
reason of the fact that such person is or was or has agreed to be a director or
officer of the Company or while a director or officer is or was serving at the
request of the Company as a director, officer, partner, trustee, employee, or
agent of any corporation, partnership, joint venture, trust or other enterprise,
including service with respect to employee benefit plans, against expenses
(including attorney's fees), judgments, fines, penalties and amounts paid in
settlement incurred in connection with the investigation, preparation to defend
or defense of such action, suit, proceeding or claim.

     The Company also maintains directors and officers' insurance.

Item 7.  Exemption From Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

Exhibit

  4.1. 1998 Non-Executive Employee Stock Option and Restricted Stock Purchase
       Plan.
  4.2  Amended and Restated 1993 Stock Option and Restricted Stock Purchase
       Plan. (1)
  4.3  Certificate of Incorporation of the Company. (2)
 
  4.4  By-Laws of the Company. (2)
 
  4.5  Specimen Certificate of Common Stock. (2)
 
  5.   Opinion of Ropes & Gray.
<PAGE>
 
 23.1. Consent of Ropes & Gray (contained in the opinion filed as Exhibit 5 to
       this Registration Statement).
 23.2. Consent of Kesselman & Kesselman.
   24. Power of Attorney (included in Part II of this Registration Statement
       under the caption "Signatures").
_______________
(1) Filed as Exhibit 10.8 to the Company's Annual Report on Form 10-K for the
    fiscal year ended December 31, 1997.
(2) Incorporated herein by reference to the Company's Registration Statement on
    Form S-1 (No. 33-73256), which became effective on February 23, 1994.

 
Item 9. Undertakings.
 
     (a)  The undersigned Registrant hereby undertakes:

     (1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:

     (i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;

     (ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement;

     (iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in this registration statement;

     provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above shall not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the Registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.

     (2)  That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.

     (b)  The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (c)  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public 
<PAGE>
 
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director,
officer, or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York, State of New
York, on the 26th day of February, 1999.

                                    ELECTRIC FUEL CORPORATION



                                By /s/ Robert S. Ehrlich
                                  __________________________________________
                                   Name:  Robert S. Ehrlich
                                   Title: Vice President, Chairman,
                                          Chief Financial Officer and Director

     Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on February 26, 1999.

     KNOW ALL MEN BY THESE PRESENTS that each officer and director of Electric
Fuel Corporation whose signature appears below constitutes and appoints Robert
S. Ehrlich and Yehuda Harats, and each of them, his true and lawful attorney-in-
fact and agent, with full power of substitution and revocation, for him and in
his name, place and stead, in any and all capacities, to execute any and all
amendments, or any post-effective amendments and supplements to this
Registration Statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
to be done, as fully to all intents and purposes as he or she might or could do
in person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or his or her substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.

 
              Signature                                 Title
              ---------                                 -----
  
      /s/ Yehuda Harats                 Chief Executive Officer, President
----------------------------------      and Director (Principal Executive
          Yehuda Harats                 Officer)
                                    
    /s/ Robert S. Ehrlich               Chief Financial Officer, Vice
----------------------------------      President and Director (Principal
        Robert S. Ehrlich               Financial Officer)
                                    
                                    
   /s/ Stewart J. Edelman               Treasurer and Controller
----------------------------------      (Principal Accounting Officer)
       Stewart J. Edelman            
                                    
     /s/ Jay M. Eastman                 Director
----------------------------------  
         Jay M. Eastman           
 
      /s/ Leon S. Gross                 Director
----------------------------------  
          Leon S. Gross

     /s/ Harvey M. Kreuger              Director
----------------------------------  
         Harvey M. Kreuger
 
<PAGE>
 
 /s/ Lawrence M. Miller                 Director
----------------------------------  
     Lawrence M. Miller
 
 
 /s/ Jack E. Rosenfeld                  Director
----------------------------------  
     Jack E. Rosenfeld
 
 
 
 
<PAGE>
 
                                 EXHIBIT INDEX


<TABLE>
<CAPTION>
Exhibit                                                                              Page
-------                                                                             ------
Number    Title of Exhibit                                                          Number
-------   ----------------                                                          ------
 
<C>      <S>                                                                        <C>
  4.1.   1998 Non-Executive Employee Stock Option and Restricted Stock
         Purchase Plan.

  4.2    Amended and Restated 1993 Stock Option and Restricted Stock Purchase
         Plan. (1)

  4.3    Certificate of Incorporation of the Company. (2)
 
  4.4    By-Laws of the Company. (2)
 
  4.5    Specimen Certificate of Common Stock. (2)
 
  5.     Opinion of Ropes & Gray.

  23.1.  Consent of Ropes & Gray (contained in the opinion filed as Exhibit 5 to
         this Registration Statement).

  23.2.  Consent of Kesselman & Kesselman.

  24.    Power of Attorney (included in Part II of this Registration Statement
         under the caption "Signatures").
</TABLE>
_______________
(1) Filed as Exhibit 10.8 to the Company's Annual Report on Form 10-K for the
    fiscal year ended December 31, 1997.
(2) Incorporated herein by reference to the Company's Registration Statement on
    Form S-1 (No. 33-73256), which became effective on February 23, 1994.
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 21406}]
{"company-data": {"conformed-name": "ELECTRIC FUEL CORP", "cik": "0000916529", "assigned-sic": "6794", "irs-number": "954302784", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-74197", "film-number": "99562223"}, "business-address": {"street1": "885 THIRD AVE", "street2": "STE 2900", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2122302172"}, "mail-address": {"street1": "885 THIRD AVENUE", "street2": "SUITE 2900", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
As filed with the Securities and Exchange Commission on March 10, 1999
                                                            File No. 333-
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    Form S-8
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                           ELECTRIC FUEL CORPORATION
             (Exact name of registrant as specified in its charter)

    Delaware                                                  95-4302784
(State or other jurisdiction                               (I.R.S. Employer
of incorporation or organization)                        Identification Number) 
                            
                               _________________

                               885 Third Avenue
                                  Suite 2900
                           New York, New York  10022
                       (Address, including zip code, of
                   registrant's principal executive offices)

                               _________________

                 1998 Non-Executive Employee Stock Option and
           Restricted Stock Purchase Plan Amended and Restated 1993
                Stock Option and Restricted Stock Purchase Plan
                              (Full title of plan)

                               _________________

                            Jane D. Goldstein, Esq.
                                  Ropes & Gray
                            One International Place
                          Boston, Massachusetts  02110
                                 (617) 951-7000
          (Name and address, including zip code, and telephone number,
      including area code, of agent for service of process for registrant)

                        CALCULATION OF REGISTRATION FEE
-------------------------------------------------------------------------------------------------------------------------
 Title of securities to       Amount to be            Proposed maximum            Proposed maximum         Amount of
 be registered                 registered        offering price per share (3)  aggregate offering price  registration fee
-------------------------------------------------------------------------------------------------------------------------
Common Stock               1,500,000 shares (1)        $3.3125                       $ 4,968,750             $1,381.31
                           1,500,000 shares (2)        $3.3125                       $ 4,968,750             $1,381.31
-------------------------------------------------------------------------------------------------------------------------
Total                      3,500,000 shares            $3.3125                       $ 9,937,500             $2,762.63
-------------------------------------------------------------------------------------------------------------------------
(1) Shares of common stock, $.01 par value (the "Common Stock"), of Electric
    Fuel Corporation (the "Company") issuable upon exercise of options granted
    under the Company's 1998 Non-Executive Employee Stock Option and Restricted
    Stock Purchase Plan (and an indeterminate number of additional shares of
    Common Stock which may be issued under such plan as a result of stock
    splits, stock dividends or similar transactions in accordance with the
    provisions of such plan).
(2) Shares of Common Stock issuable upon exercise of options granted under the
    Company's Amended and Restated 1993 Employee Stock Option and Restricted
    Stock Purchase Plan (and an indeterminate number of additional shares of
    Common Stock which may be issued under such plan as a result of stock
    splits, stock dividends or similar transactions in accordance with the
    provisions of such plan).
(3) Determined pursuant to Rule 457(h) under the Securities Act of 1933 solely
    for purposes of calculating the registration fee and based on the average of
    the high and low prices of the Common Stock reported on the Nasdaq National
    Market on March 9, 1999.

================================================================================
                            Exhibit Index on page 8
PART I

              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Note:  The document(s) containing the information required by Item 1 of this
Form S-8 and the statement of availability of information of Electric Fuel
Corporation (the "Company"), and other information required by Item 2 of this
Form will be sent or given to employees as specified by Rule 428 under the
Securities Act of 1933, as amended (the "Securities Act").  In accordance with
Rule 428 and the requirements of Part I of Form S-8, such documents are not
being filed with the Securities and Exchange Commission (the "Commission")
either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424.  The Company shall maintain a file of such
documents in accordance with the provisions of Rule 428.  Upon request, the
Company shall furnish to the Commission or its staff a copy of any or all of the
documents included in such file.
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

     The Company hereby incorporates by reference the following documents and
information heretofore filed with the Securities and Exchange Commission (the
"Commission"):

   (a) The Company's Annual Report on Form 10-K for the fiscal year ended
       December 31, 1997;

   (b) The Company's Annual Report to Stockholders for the fiscal year ended
       December 31, 1997;

   (c) The Company's Quarterly Reports on Form 10-Q for the quarters ended March
       31, 1998, June 30, 1998 and September 30, 1998;

   (d) The description of the common stock of the Company contained in the
       Company's Registration Statement on Form 8-A filed under the Securities
       Exchange Act of 1934, as amended (the "Exchange Act") on February 2,
       1994, and any amendment or report filed for the purpose of updating any
       such description; and

   (e) All other reports filed by the Company with the Commission pursuant to
       Section 13(a) or Section 15(d) of the Exchange Act of the since the end
       of the fiscal year covered by the Registrant's Annual Report referred to
       above.

   All documents subsequently filed by the Company pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective
amendment to this Registration Statement that indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference herein and to be a part hereof
from the date of the filing of such documents.

Item 4.  Description of Securities.

         Not required.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

     The Company is a Delaware corporation.  Section 102(b)(7) of the Delaware
General Corporation Law (the "DGCL") enables a corporation in its original
certificate of incorporation or an amendment thereto to eliminate or limit the
personal liability of a director to the corporation or its stockholders for
monetary damages for violations of the director's fiduciary duty, except (i) for
any breach of the director's duty of loyalty to the corporation or its
stockholders, (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (iii) pursuant to Section
174 of the DGCL (providing for liability of directors for unlawful payment of
dividends or unlawful stock purchases or redemptions) or (iv) for any
transaction from which a director derived an improper personal benefit.  The
Certificate of Incorporation and By-Laws of the Company contain provisions
eliminating the liability of directors to the extent permitted by Section
102(b)(7) of the DGCL.

     Section 145 of the DGCL provides that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal or investigative (other than an action by or in the right of the
corporation) by reason of the fact that he is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. Section 145 further provides that a corporation similarly
may indemnify any such person serving in any such capacity who was or is a party
or is threatened to be made a party to any threatened, pending or completed
action or suit by or in the right of the corporation to procure a judgment in
its favor, against expenses actually and reasonably incurred in connection with
the defense or settlement of such action or suit if he acted in good faith and
in a manner he reasonably believed to be in or not opposed to the best interests
of the corporation and except that no indemnification shall be made in respect
of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the corporation unless and only to the extent that the Delaware
Court of Chancery or such other court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the Court of Chancery
or such other court shall deem proper.

     Section 10 of the Company's Amended and Restated Certificate of
Incorporation ("Certificate of Incorporation") provides that the Company's
Directors shall not be liable to the Company or its stockholders for monetary
damages for any breach of fiduciary duty as a director to the fullest extent
permitted by the DGCL.

     Section 11 of the Company's Certificate of Incorporation provides that the
Company shall, to the maximum extent permitted under the DGCL, indemnify any
person who was or is made a party or is threatened to be made a party to any
threatened, pending or completed action, suit, proceeding or claim, whether
civil, criminal, administrative or investigative (herein a "proceeding"), by
reason of the fact that such person is or was or has agreed to be a director or
officer of the Company or while a director or officer is or was serving at the
request of the Company as a director, officer, partner, trustee, employee, or
agent of any corporation, partnership, joint venture, trust or other enterprise,
including service with respect to employee benefit plans, against expenses
(including attorney's fees), judgments, fines, penalties and amounts paid in
settlement incurred in connection with the investigation, preparation to defend
or defense of such action, suit, proceeding or claim.

     The Company also maintains directors and officers' insurance.

Item 7.  Exemption From Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

Exhibit

  4.1. 1998 Non-Executive Employee Stock Option and Restricted Stock Purchase
       Plan.
  4.2  Amended and Restated 1993 Stock Option and Restricted Stock Purchase
       Plan. (1)
  4.3  Certificate of Incorporation of the Company. (2)
 
  4.4  By-Laws of the Company. (2)
 
  4.5  Specimen Certificate of Common Stock. (2)
 
  5.   Opinion of Ropes & Gray.
23.1. Consent of Ropes & Gray (contained in the opinion filed as Exhibit 5 to
       this Registration Statement).
 23.2. Consent of Kesselman & Kesselman.
   24. Power of Attorney (included in Part II of this Registration Statement
       under the caption "Signatures").
_______________
(1) Filed as Exhibit 10.8 to the Company's Annual Report on Form 10-K for the
    fiscal year ended December 31, 1997.
(2) Incorporated herein by reference to the Company's Registration Statement on
    Form S-1 (No. 33-73256), which became effective on February 23, 1994.

 
Item 9. Undertakings.
 
     (a)  The undersigned Registrant hereby undertakes:

     (1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:

     (i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;

     (ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement;

     (iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in this registration statement;

     provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above shall not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed by the Registrant
pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.

     (2)  That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.

     (b)  The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

     (c)  Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director,
officer, or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York, State of New
York, on the 26th day of February, 1999.

                                    ELECTRIC FUEL CORPORATION

                                By /s/ Robert S. Ehrlich
                                  __________________________________________
                                   Name:  Robert S. Ehrlich
                                   Title: Vice President, Chairman,
                                          Chief Financial Officer and Director

     Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on February 26, 1999.

     KNOW ALL MEN BY THESE PRESENTS that each officer and director of Electric
Fuel Corporation whose signature appears below constitutes and appoints Robert
S. Ehrlich and Yehuda Harats, and each of them, his true and lawful attorney-in-
fact and agent, with full power of substitution and revocation, for him and in
his name, place and stead, in any and all capacities, to execute any and all
amendments, or any post-effective amendments and supplements to this
Registration Statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
to be done, as fully to all intents and purposes as he or she might or could do
in person, hereby ratifying and confirming all that said attorney-in-fact and
agent, or his or her substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.

 
              Signature                                 Title
              ---------                                 -----
  
      /s/ Yehuda Harats                 Chief Executive Officer, President
----------------------------------      and Director (Principal Executive
          Yehuda Harats                 Officer)
                                    
    /s/ Robert S. Ehrlich               Chief Financial Officer, Vice
----------------------------------      President and Director (Principal
        Robert S. Ehrlich               Financial Officer)
                                    
                                    
   /s/ Stewart J. Edelman               Treasurer and Controller
----------------------------------      (Principal Accounting Officer)
       Stewart J. Edelman            
                                    
     /s/ Jay M. Eastman                 Director
----------------------------------  
         Jay M. Eastman           
 
      /s/ Leon S. Gross                 Director
----------------------------------  
          Leon S. Gross

     /s/ Harvey M. Kreuger              Director
----------------------------------  
         Harvey M. Kreuger
/s/ Lawrence M. Miller                 Director
----------------------------------  
     Lawrence M. Miller
 
 
 /s/ Jack E. Rosenfeld                  Director
----------------------------------  
     Jack E. Rosenfeld
EXHIBIT INDEX
Exhibit                                                                              Page
-------                                                                             ------
Number    Title of Exhibit                                                          Number
-------   ----------------                                                          ------
4.1.   1998 Non-Executive Employee Stock Option and Restricted Stock
         Purchase Plan.

  4.2    Amended and Restated 1993 Stock Option and Restricted Stock Purchase
         Plan. (1)

  4.3    Certificate of Incorporation of the Company. (2)
 
  4.4    By-Laws of the Company. (2)
 
  4.5    Specimen Certificate of Common Stock. (2)
 
  5.     Opinion of Ropes & Gray.

  23.1.  Consent of Ropes & Gray (contained in the opinion filed as Exhibit 5 to
         this Registration Statement).

  23.2.  Consent of Kesselman & Kesselman.

  24.    Power of Attorney (included in Part II of this Registration Statement
         under the caption "Signatures").
_______________
(1) Filed as Exhibit 10.8 to the Company's Annual Report on Form 10-K for the
    fiscal year ended December 31, 1997.
(2) Incorporated herein by reference to the Company's Registration Statement on
    Form S-1 (No. 33-73256), which became effective on February 23, 1994.