A power converter includes: two switching elements; a positive electrode conductive plate: a negative electrode conductive plate; a mid-point conductive plate; a first heat sink; and a second heat sink. The positive electrode conductive plate is connected to a high-potential terminal of a series connection of the two switching elements, and the negative electrode conductive plate is connected to a low-potential terminal of the series connection. The mid-point conductive plate is connected to a middle point of the series connection. The first heat sink faces the positive electrode conductive plate and the negative electrode conductive plate with a first isolating layer interposed therebetween, and is connected to a ground terminal. The second heat sink faces the mid-point conductive plate with a second isolating layer interposed therebetween, and is isolated from the ground terminal.