An electric power converter is provided with a plurality of power-conversion elements; a first control circuit that outputs a first control signal; an electricity storage circuit; a second control circuit that outputs a second control signal when the direct-current power source that supplies electrical power to the first control circuit is not normal; and a drive circuit that outputs drive signals for driving the plurality of power-conversion elements. Each of the power-conversion elements is either a power-conversion element of the upper arm connected to the high-voltage side or a conversion element of the lower arm connected to the low-voltage side. In cases when the voltage of the electricity storage circuit is at a higher predetermined first voltage value, the second control circuit outputs a second control signal so that all the power-conversion elements of the upper arm or the lower arm are turned on and the others are turned off.