An energy saver elevator is provided which consists of an elevator car, an elongated cable connected to the elevator car and a counterweight connected to the elongated cable. A DC power source and an auxiliary AC power source are also provided. A mechanism powered by the DC power source during normal conditions and by the auxiliary AC power source during emergency conditions, is for propelling the elevator car. A device is for recharging the normal DC power source by the motion of the elevator car and an apparatus is for stopping the elevator car.