An electric power conversion apparatus comprises a terminal block for connecting a conductive member, the terminal block including: a terminal; a movable fastener that switches by movement between a first state and a second state, the first state being a state of holding the conductive member connected with the terminal, the second state being a state of releasing the conductive member; a storage unit that stores at least a part of the movable fastener in at least one of the first state and the second state; and vent holes that are provided in the storage unit.