<PAGE>
 
                                                      Registration No. 333-_____
    As filed with the Securities and Exchange Commission on January 14, 1997
================================================================================
                      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 of          (I.R.S. Employer Identification No.)
  Incorporation or Organization)
 

                               885 THIRD AVENUE
                                  SUITE 2900
                           NEW YORK, NEW YORK  10022
         (Address of Principal Executive Offices, Including Zip Code)

                           ELECTRIC FUEL CORPORATION
      1995 AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
                           (Full Title of the Plan)

                               WINTHROP G. MINOT
                                 ROPES & GRAY
                            ONE INTERNATIONAL PLACE
                         BOSTON, MASSACHUSETTS  02110
                                (617) 951-7364
(Name, Address, and Telephone Number, Including Area Code, of Agent For Service)


                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------
Title of               Amount            Proposed     Proposed      Amount of 
securities             to be             maximum      maximum       registration
to be                  registered        offering     aggregate     fee(1)
registered                               price        offering
                                         per          price(1)
                                         share(1)
----------------------------------------------------------------------------------
<S>                    <C>               <C>           <C>           <C>            
Common Stock           430,000(2)(3)     6.5313        2,808,459      $851.05
----------------------------------------------------------------------------------
Common Stock            70,000(4)        7.938           499,390      $151.33
----------------------------------------------------------------------------------
Total                  500,000                                       $1002.38
----------------------------------------------------------------------------------
</TABLE>
   (1) Calculated pursuant to Rule 457(h).
   (2) Shares subject to options not yet granted pursuant to the Electric Fuel
       Corporation 1995 Amended and Restated Non-Employee Director Stock Option
       Plan (the "Plan").
   (3) In addition, in accordance with Rule 416(a) under the Securities Act of
       1933, as amended, this registration statement also covers such
       indeterminate number of shares as may become subject to options under the
       Plan as a result of the adjustment provisions thereof.
   (4) Shares subject to options previously granted pursuant to the Plan.
 ===============================================================================
                                  Page 1 of 16
                            Exhibit Index at Page 9
                                        

<PAGE>
 
                                     PART I
                                        
              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
                                        
ITEM 1. PLAN INFORMATION.*
        ----------------  

ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.*
        -----------------------------------------------------------  






* The document(s) containing the information required by Item 1 of this Form S-8
  and the statement of availability of Registrant information, and other
  information required by Item 2 of this Form will be sent or given to non-
  employee directors 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 of the Securities Act. Electric Fuel Corporation (the
  "Registrant") shall maintain a file of such documents in accordance with the
  provisions of Rule 428. Upon request, the Registrant shall furnish to the
  Commission or its staff a copy of any or all of the documents included in such
  file.

                                      -2-
<PAGE>
 
                                    PART II
                                        
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
                                        
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
         --------------------------------------- 

       The Registrant hereby incorporates the following documents herein by
       reference:

     (a) The Registrant's Annual Report on Form 10-K for the fiscal year ended
December 31, 1995, as filed with the Commission on April 1, 1996.

     (b) The Registrant's Quarterly Reports on Form 10-Q for the quarter ended
March 31, 1996, as filed with the Commission on May 14, 1996; for the quarter
ended June 30, 1996, as filed with the Commission on August 13, 1996; and for
the quarter ended September 30, 1996 as filed with the Commission on November
14, 1996.  All other reports filed by the Registrant with the Securities and
Exchange Commission pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") since the end of the
fiscal year covered by the Registrant's Annual Report referred to above.

     (c) The description of the Common Stock contained in the Registrant's
Registration Statement on Form 8-A filed under the Exchange Act on February 2,
1994, including any amendment or report subsequently filed by the Registrant for
the purpose of updating the information contained therein.

All documents subsequently filed by the Registrant 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 which indicates that all securities
offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed incorporated herein by reference and to be a part hereof
from the date of filing of such documents.

                                      -3-
<PAGE>
 
 Item 6.   INDEMNIFICATION OF DIRECTORS AND OFFICERS.
           ----------------------------------------- 

         Section 145 of the Delaware General Corporation Law ("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, administrative 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
(including attorney's fees) 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 Delaware Court of
Chancery or such other court shall deem proper.

         Section 102(b)(7) of the DGCL permits a corporation to include in its
certificate of incorporation a provision eliminating or limiting the personal
liability of a director to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director, provided that such provision
shall not eliminate or limit the liability of a director (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) under Section 174 of the DGCL (relating to
unlawful payment of dividends and unlawful stock purchase and redemption) or
(iv) for any transaction from which the director derived an improper personal
benefit.

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

                                      -4-
<PAGE>
 
         Section 11 of the Registrant's Certificate of Incorporation provides
that the Registrant 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 Registrant or while a director or officer is or
was serving at the request of the Registrant 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 Registrant also maintains directors and officers' insurance.

ITEM 8.  EXHIBITS.
         -------- 

EXHIBIT NO.    DESCRIPTION
-----------    -----------

4.1            Amended and Restated Certificate of Incorporation of the
               Registration Statement on Form S-1 [Registration No. 33-73256],
               which became effective on February 23, 1994.)

4.2            Amended and Restated By-Laws of the Registrant (Incorporated by
               reference to the Registrant's Registration Statement on Form S-1
               [Registration No. 33- 97944], which became effective on February
               5, 1996. )

4.3            Specimen Certificate for shares of Common Stock, $.01 par value
               per share, of the Registrant (Incorporated by reference to the
               Registrant's Registration Statement on Form S-1 [Registration No.
               33-73256], which became effective on February 23, 1994.)

5.             Opinion of Ropes & Gray.

23.1.          Consent of Ropes & Gray (contained in its opinion filed as
               Exhibit 5 hereto).

23.2           Consent of Kesselman & Kesselman.

24.            Power of Attorney (contained in Part II hereof under "Signatures
               and Power of Attorney").

99.            Electric Fuel Corporation 1995 Amended and Restated Non-Employee 
               Director Stock Option Plan 

                                      -5-
<PAGE>
 
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 of 1933,

      (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,
and

      (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 the registration statement; provided,
                                                                   -------- 
however, that paragraphs (a)(1)(i) and (a)(1)(ii) 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 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the registration statement.

     (2) That, for the purpose of determining any liability under the Securities
Act of 1933, 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.

     (h) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 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 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 Act and will be governed by the final adjudication of
such issue.

                                      -6-
<PAGE>
 
                        SIGNATURES AND POWER OF ATTORNEY
                                        
     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8, and 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 this fourteenth day
of January, 1997.


                              ELECTRIC FUEL CORPORATION


                              By  /s/ Robert S. Ehrlich
                                 ---------------------------------------------
                                 Robert S. Ehrlich, Chairman of the Board,
                                     Director and Chief Financial Officer

     We, the undersigned directors of Electric Fuel Corporation, hereby
severally constitute and appoint Robert S. Ehrlich and Yehuda Harats, and each
of them singly, our true and lawful attorneys with full power to them, and each
of them singly, to sign for us and in our names in the capacities as directors,
any and all amendments or supplements to the Registration Statement on Form S-8
of Electric Fuel Corporation, and generally to do all such things in our name
and on our behalf in our capacities as directors to enable Electric Fuel
Corporation to comply with the provisions of the Securities Act of 1933, as
amended, and all requirements of the Securities and Exchange Commission, hereby
ratifying and confirming our signatures as they may be required by our said
attorneys or any of them, to any and all said amendments.

     Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.


/s/ Robert S. Ehrlich          Chairman of the Board          January 14, 1997
--------------------------     of Directors and Chief
Robert S. Ehrlich              Financial Officer
                               (Principal Financial
                               Officer)

                              
/s/ Yehuda Harats              President, Chief Executive     January 14, 1997
--------------------------     Officer and Director
Yehuda Harats                  (Principal Executive
                               Officer)       
                              

                                      -7-
<PAGE>
 
/s/ Stewart J. Edelman         Principal Accounting           January 14, 1997
--------------------------     Officer and Treasurer 
Stewart J. Edelman
                              
/s/ Jay Eastman                Director                       January 14, 1997
--------------------------
Jay Eastman

/s/ Jack Rosenfeld             Director                       January 14, 1997
--------------------------
Jack Rosenfeld

/s/ Harvey Krueger             Director                       January 14, 1997
--------------------------
Harvey Krueger

/s/ Lawrence M. Miller         Director                       January 14, 1997
--------------------------
Lawrence M. Miller

                                      -8-
<PAGE>
 
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>

EXHIBIT                                                                               PAGE
NUMBER                            DESCRIPTION                                         NUMBER
------                            -----------                                         ------

<S>        <C>                                                                        <C>
4.1        Amended and Restated Certificate of Incorporation of the
           Registration Statement on Form S-1 [Registration No. 33- 73256],
           which became effective on February 23, 1994.)

4.2        Amended and Restated By-Laws of the Registrant (Incorporated by
           reference to the Registrant's Registration Statement on Form S-1
           [Registration No. 33-97944], which became effective on February
           5, 1996.)

4.3        Specimen Certificate for shares of Common Stock, $.01 par value
           per share, of the Registrant (Incorporated by reference to the
           Registrant's Registration Statement on Form S-1 [Registration
           No. 33-73256], which became effective on February 23, 1994.)

5.         Opinion of Ropes & Gray.                                                      10
               
23.1       Consent of Ropes & Gray (contained in its opinion filed as                    10
           Exhibit 5 hereto).
                
23.2       Consent of Kesselman & Kesselman.                                             11

24.        Power of Attorney (contained in Part II hereof under "Signatures               7 
           and Power of Attorney").
                
99.        Electric Fuel Corporation 1995 Amended and Restated Non-Employee              12
           Director Stock Option Plan.
</TABLE>
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 21163}]
{"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": "333-19753", "film-number": "97505654"}, "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"}}
Registration No. 333-_____
    As filed with the Securities and Exchange Commission on January 14, 1997
================================================================================
                      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 of          (I.R.S. Employer Identification No.)
  Incorporation or Organization)
 

                               885 THIRD AVENUE
                                  SUITE 2900
                           NEW YORK, NEW YORK  10022
         (Address of Principal Executive Offices, Including Zip Code)

                           ELECTRIC FUEL CORPORATION
      1995 AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN 
                           (Full Title of the Plan)

                               WINTHROP G. MINOT
                                 ROPES & GRAY
                            ONE INTERNATIONAL PLACE
                         BOSTON, MASSACHUSETTS  02110
                                (617) 951-7364
(Name, Address, and Telephone Number, Including Area Code, of Agent For Service)

                        CALCULATION OF REGISTRATION FEE
----------------------------------------------------------------------------------
Title of               Amount            Proposed     Proposed      Amount of 
securities             to be             maximum      maximum       registration
to be                  registered        offering     aggregate     fee(1)
registered                               price        offering
                                         per          price(1)
                                         share(1)
----------------------------------------------------------------------------------
Common Stock           430,000(2)(3)     6.5313        2,808,459      $851.05
----------------------------------------------------------------------------------
Common Stock            70,000(4)        7.938           499,390      $151.33
----------------------------------------------------------------------------------
Total                  500,000                                       $1002.38
----------------------------------------------------------------------------------
(1) Calculated pursuant to Rule 457(h).
   (2) Shares subject to options not yet granted pursuant to the Electric Fuel
       Corporation 1995 Amended and Restated Non-Employee Director Stock Option
       Plan (the "Plan").
   (3) In addition, in accordance with Rule 416(a) under the Securities Act of
       1933, as amended, this registration statement also covers such
       indeterminate number of shares as may become subject to options under the
       Plan as a result of the adjustment provisions thereof.
   (4) Shares subject to options previously granted pursuant to the Plan.
 ===============================================================================
                                  Page 1 of 16
                            Exhibit Index at Page 9
PART I
                                        
              INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
                                        
ITEM 1. PLAN INFORMATION.*
        ----------------  

ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.*
        -----------------------------------------------------------  

* The document(s) containing the information required by Item 1 of this Form S-8
  and the statement of availability of Registrant information, and other
  information required by Item 2 of this Form will be sent or given to non-
  employee directors 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 of the Securities Act. Electric Fuel Corporation (the
  "Registrant") shall maintain a file of such documents in accordance with the
  provisions of Rule 428. Upon request, the Registrant shall furnish to the
  Commission or its staff a copy of any or all of the documents included in such
  file.

                                      -2-
PART II
                                        
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
                                        
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.
         --------------------------------------- 

       The Registrant hereby incorporates the following documents herein by
       reference:

     (a) The Registrant's Annual Report on Form 10-K for the fiscal year ended
December 31, 1995, as filed with the Commission on April 1, 1996.

     (b) The Registrant's Quarterly Reports on Form 10-Q for the quarter ended
March 31, 1996, as filed with the Commission on May 14, 1996; for the quarter
ended June 30, 1996, as filed with the Commission on August 13, 1996; and for
the quarter ended September 30, 1996 as filed with the Commission on November
14, 1996.  All other reports filed by the Registrant with the Securities and
Exchange Commission pursuant to Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") since the end of the
fiscal year covered by the Registrant's Annual Report referred to above.

     (c) The description of the Common Stock contained in the Registrant's
Registration Statement on Form 8-A filed under the Exchange Act on February 2,
1994, including any amendment or report subsequently filed by the Registrant for
the purpose of updating the information contained therein.

All documents subsequently filed by the Registrant 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 which indicates that all securities
offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed incorporated herein by reference and to be a part hereof
from the date of filing of such documents.

                                      -3-
Item 6.   INDEMNIFICATION OF DIRECTORS AND OFFICERS.
           ----------------------------------------- 

         Section 145 of the Delaware General Corporation Law ("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, administrative 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
(including attorney's fees) 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 Delaware Court of
Chancery or such other court shall deem proper.

         Section 102(b)(7) of the DGCL permits a corporation to include in its
certificate of incorporation a provision eliminating or limiting the personal
liability of a director to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director, provided that such provision
shall not eliminate or limit the liability of a director (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) under Section 174 of the DGCL (relating to
unlawful payment of dividends and unlawful stock purchase and redemption) or
(iv) for any transaction from which the director derived an improper personal
benefit.

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

                                      -4-
Section 11 of the Registrant's Certificate of Incorporation provides
that the Registrant 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 Registrant or while a director or officer is or
was serving at the request of the Registrant 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 Registrant also maintains directors and officers' insurance.

ITEM 8.  EXHIBITS.
         -------- 

EXHIBIT NO.    DESCRIPTION
-----------    -----------

4.1            Amended and Restated Certificate of Incorporation of the
               Registration Statement on Form S-1 [Registration No. 33-73256],
               which became effective on February 23, 1994.)

4.2            Amended and Restated By-Laws of the Registrant (Incorporated by
               reference to the Registrant's Registration Statement on Form S-1
               [Registration No. 33- 97944], which became effective on February
               5, 1996. )

4.3            Specimen Certificate for shares of Common Stock, $.01 par value
               per share, of the Registrant (Incorporated by reference to the
               Registrant's Registration Statement on Form S-1 [Registration No.
               33-73256], which became effective on February 23, 1994.)

5.             Opinion of Ropes & Gray.

23.1.          Consent of Ropes & Gray (contained in its opinion filed as
               Exhibit 5 hereto).

23.2           Consent of Kesselman & Kesselman.

24.            Power of Attorney (contained in Part II hereof under "Signatures
               and Power of Attorney").

99.            Electric Fuel Corporation 1995 Amended and Restated Non-Employee 
               Director Stock Option Plan 

                                      -5-
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 of 1933,

      (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,
and

      (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 the registration statement; provided,
                                                                   -------- 
however, that paragraphs (a)(1)(i) and (a)(1)(ii) 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 15(d) of the Securities Exchange Act of 1934 that are incorporated
by reference in the registration statement.

     (2) That, for the purpose of determining any liability under the Securities
Act of 1933, 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.

     (h) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 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 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 Act and will be governed by the final adjudication of
such issue.

                                      -6-
SIGNATURES AND POWER OF ATTORNEY
                                        
     Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8, and 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 this fourteenth day
of January, 1997.

                              ELECTRIC FUEL CORPORATION

                              By  /s/ Robert S. Ehrlich
                                 ---------------------------------------------
                                 Robert S. Ehrlich, Chairman of the Board,
                                     Director and Chief Financial Officer

     We, the undersigned directors of Electric Fuel Corporation, hereby
severally constitute and appoint Robert S. Ehrlich and Yehuda Harats, and each
of them singly, our true and lawful attorneys with full power to them, and each
of them singly, to sign for us and in our names in the capacities as directors,
any and all amendments or supplements to the Registration Statement on Form S-8
of Electric Fuel Corporation, and generally to do all such things in our name
and on our behalf in our capacities as directors to enable Electric Fuel
Corporation to comply with the provisions of the Securities Act of 1933, as
amended, and all requirements of the Securities and Exchange Commission, hereby
ratifying and confirming our signatures as they may be required by our said
attorneys or any of them, to any and all said amendments.

     Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.

/s/ Robert S. Ehrlich          Chairman of the Board          January 14, 1997
--------------------------     of Directors and Chief
Robert S. Ehrlich              Financial Officer
                               (Principal Financial
                               Officer)

                              
/s/ Yehuda Harats              President, Chief Executive     January 14, 1997
--------------------------     Officer and Director
Yehuda Harats                  (Principal Executive
                               Officer)       
                              

                                      -7-
/s/ Stewart J. Edelman         Principal Accounting           January 14, 1997
--------------------------     Officer and Treasurer 
Stewart J. Edelman
                              
/s/ Jay Eastman                Director                       January 14, 1997
--------------------------
Jay Eastman

/s/ Jack Rosenfeld             Director                       January 14, 1997
--------------------------
Jack Rosenfeld

/s/ Harvey Krueger             Director                       January 14, 1997
--------------------------
Harvey Krueger

/s/ Lawrence M. Miller         Director                       January 14, 1997
--------------------------
Lawrence M. Miller

                                      -8-
EXHIBIT INDEX
EXHIBIT                                                                               PAGE
NUMBER                            DESCRIPTION                                         NUMBER
------                            -----------                                         ------
4.1        Amended and Restated Certificate of Incorporation of the
           Registration Statement on Form S-1 [Registration No. 33- 73256],
           which became effective on February 23, 1994.)

4.2        Amended and Restated By-Laws of the Registrant (Incorporated by
           reference to the Registrant's Registration Statement on Form S-1
           [Registration No. 33-97944], which became effective on February
           5, 1996.)

4.3        Specimen Certificate for shares of Common Stock, $.01 par value
           per share, of the Registrant (Incorporated by reference to the
           Registrant's Registration Statement on Form S-1 [Registration
           No. 33-73256], which became effective on February 23, 1994.)

5.         Opinion of Ropes & Gray.                                                      10
               
23.1       Consent of Ropes & Gray (contained in its opinion filed as                    10
           Exhibit 5 hereto).
                
23.2       Consent of Kesselman & Kesselman.                                             11

24.        Power of Attorney (contained in Part II hereof under "Signatures               7 
           and Power of Attorney").
                
99.        Electric Fuel Corporation 1995 Amended and Restated Non-Employee              12
           Director Stock Option Plan.