The invention provides an optimal electric power converter for a DC/DC converter which variably steps up a voltage successively with an optional magnification of one to two times or more and/or step down a voltage successively with a step-down ratio of one time or less. The converter includes a first input-output part, an inductor connected with a positive or a negative electrode side of the first input-output part, plural switches, plural capacitors, a second input-output part connected with plural capacitors, and a control circuit, wherein the control circuit controls the plural switches with operation mode and makes the inductor and plural capacitors selectively functional, wherein the electric power converter is of a switched capacitance type that performs any operation out of step-up, step-down, regeneration, and continuity, and wherein the control circuit controls to have a period for which two switches out of the plural switches are simultaneously turned ON.