During motor acceleration control period that starts at time T1, if power supply output or supply current exceeds a predetermined level at time T2, PWM control in a PWM converter is turned off until a deceleration control period of T3 to T4 ends. As a result, DC link voltage (voltage of a power storage device) at the start of the deceleration control at time T3 drops to provide space for storing regenerative power; since the PWM control in the PWM converter is off during the deceleration control period, the regenerative power can be stored into the power storage device and reused in the next control cycle.