An elect power steering apparatus includes a motor drive circuit for PWM-driving an electric motor to generate a steering assist torque corresponding to a steering torque. The motor drive circuit includes a bridge circuit formed by a plurality of FETs, and a predrive circuit for driving FETs at a positive potential. Series connected first and second voltage step-up circuits for stepping up a line voltage at two stages are provided in front of the predrive circuit so that the FETs are driven by the predrive circuit with an output voltage from the second voltage step-up circuit supplied to the predrive circuit.