A DC-DC converter includes a first capacitor and a second capacitor provided between one of a first conductive path and a second conductive path and a reference conductive path, a first switch and a second switch interposed between a first external power source and the first capacitor and between a second external power source and the second capacitor, and a control unit configured to switch the first switch and the second switch between an ON state and an OFF state, whereby the control unit, in the case of switching from shut-off control in which the first switch and the second switch are kept in the OFF state to energization control in which the first switch and the second switch are kept in the ON state, performs intermittent control in which the first switch and the second switch are intermittently switched to the ON state prior to the energization control.