Electric Vehicle Division News

Senators Reid and Ensign Endorse Electric Fuel's Zero-Emission Bus Program

Bus Demonstrated in 2 Days of Washington Drives With Congressional Leaders And Government Officials

March 13, 2002 — Electric Fuel Corporation (NasdaqNM: EFCX), announced today that at a press conference held this morning at the Upper Senate Park, Nevada senators Harry Reid (D) and John Ensign (R) expressed their support for deploying the Electric Fuel zero-emission bus in Southern Nevada. The joint press conference was the highlight of two days of Washington demonstration drives of the revolutionary transit bus, which utilizes zinc-air fuel cells developed by Electric Fuel.

"This new technology could help ease three of the biggest problems facing our country today - our dependence on foreign oil, the polution in our air, and the growing traffic congestion in our cities. I have supported the development of this technolgy from its earliest days, and I'm thrilled to see how well it's turned out," said Senator Reid. "I look forward to working with Electric Fuel in the future so we can put these buses to work."

Senator Ensign said, "I am pleased to see the progress made by Electric Fuel since I drove their zinc-air powered van on Capitol Hill a few years ago. I think the zinc-air bus could make significant contributions to our clean-air efforts in southern Nevada."

Senators Reid and Ensign, as well as key officials from government agencies, rode around the nation's capital in the all-electric, zero-emission bus, as part of the first presentation of the Electric Fuel zinc-air fuel cell bus in Washington DC. This full-length all-electric transit bus is the first of its kind capable of driving a full day - with air conditioning - without refueling or recharging. The bus was built as part of a cost-share DOT/FTA program.

"Las Vegas is proud to have been a part of the pilot project and peer review for this project," stated Jacob Snow, General Manager for the Regional Transportation Commission of Southern Nevada. "Air quality and traffic congestion are two of the biggest challenges we face in a growing community such as ours. Technology such as this will help us address these challenges ensuring a better quality of life for our citizens. We look forward to evaluating this exciting new technology along with options for refueling infrastructure, and hope that other communities will soon follow suit."

Electric Fuel Chairman Robert S. Ehrlich commented, "We have proven that our technology can meet the technical requirements for a transit bus. Our next step on the road to commercialization is to put several such buses in service under normal operating conditions in a major US city. In terms of performance, cost and time-to-market, we think that our technology can win the race to commercialize zero-emission vehicles."

Electric Fuel is planning the deployment of a demonstration mini- fleet of 3 to5 zinc-air buses in day-to-day service, including the construction of a zinc fuel regeneration facility.

Interview with CEOcast

Electric Fuel President and CEO Yehuda Harats was interviewed today by a CEOcast equity analyst. Some of the topics discussed include today's electric bus demonstration in Washington, DC; Electric Fuel's INSTANT POWER™ product line; and the future of the Company. To listen to the interview, please visit www.ceocast.com and find Electric Fuel in the new interview section.

About Electric Fuel

With corporate and sales offices in New York and London, England, and manufacturing and R&D facilities in Israel and Alabama, Electric Fuel Corporation is a world leader in primary and refuelable Zinc-Air fuel cell technology, pioneering advancements in consumer electronics, electric vehicles, and defense and safety products. Electric Fuel's INSTANT POWER™ batteries and chargers are based on the Company's patented, cutting-edge Zinc-Air fuel cell technology, and are on sale at retail outlets throughout the United States, Canada, Europe and Israel. For more information on Electric Fuel, please visit our web site at www.electric-fuel.com, or find out more about our consumer products at www.instant-power.com.

All brand names mentioned in this release are trademarks or registered trademarks of their respective owners.

Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary significantly. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Electric Fuel's products; market acceptance of new products and continuing product demand; the ability to manage growth and ramp-up production effectively as needed; the impact of competitive products and pricing on Electric Fuel's products and markets; changing economic conditions; delay, cancellation or non-renewal of purchase orders; significant future capital requirements; and other risk factors detailed in Electric Fuel's most recent annual report on Form 10-K for the fiscal year ended December 31, 2001, and other filings with the Securities and Exchange Commission. Electric Fuel assumes no obligation to update the information in this release. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.