A power conversion apparatus includes: a casing that houses an electronic component; a heat sink where the casing is installed, the heat sink dissipating a heat from the electronic component; a substrate disposed on an opposite side of the heat sink in the casing, the substrate including a power converter circuit; a pressing member housed in the casing, the pressing member pressing the electronic component to the heat sink side; and an insulating cover member included in the casing, the insulating cover covering at least a part of the substrate side of the pressing member.