Electric Vehicle Division News

ELECTRIC FUEL TO PRESENT ZINC-AIR BUS TO TRANSIT OPERATORS AT APTA EXPO 2002 IN LAS VEGAS, NV

September 17, 2002 — Electric Fuel Corporation (NasdaqNM: EFCX), the world's leading zinc-air fuel cell company, announced today that it will present its Zinc Air Fuel Cell Bus to transit operators at the American Public Transportation Association (APTA) Expo 2002 in Las Vegas September 23-25, 2002.

Every three years, the transportation industry convenes at APTA's International Public Transportation Expo. More than 15,000 industry leaders from around the globe are expected to attend and meet suppliers of the latest public transportation products, services and technologies. Electric Fuel will use this occasion to present its zero emission full size transit bus to American transit operators, especially ones operating a large number of buses in areas with air quality issues.

The Electric Fuel All Electric Transit Bus is designed to operate as a full-size, zero emission 40-foot bus having a 20-ton gross vehicle weight (including passengers) and operating all standard bus features, including air conditioning.

Electric Fuel President and Chief Executive Officer Yehuda Harats said, "Our system is now in a position to compete with hybrid diesel and hydrogen fuel cell technologies. This show is part of our increased effort to commercialize the system and make our cities a better place to live in."

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(TM) 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 http://www.electric-fuel.com, or find out more about our consumer products at http://www.instant-power.com .

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.