In a power converter, each of a positive busbar and a negative busbar includes a first current path that has a first thermal resistance and is a current flow path between a power-source connection terminal and at least one terminal connection portion, and a second current path that has a second thermal resistance and is a current flow path between the power-source connection terminal and an element connection portion. The first thermal resistance of the first current path of at least one of the positive busbar and the negative busbar is lower than the second thermal resistance of the second current path of the at least one of the positive busbar and the negative busbar.