A power converter according to the present disclosure includes a cooling plate and a plurality of circuit elements. The cooling plate includes a first cooling surface and a second cooling surface on an opposite side from the first cooling surface. The cooling plate is provided with a through hole passing through between the first and second cooling surfaces. The circuit elements convert AC power supplied from an external power source into DC power of a certain voltage and output the DC power. The circuit elements at least include first and second circuit elements. The first circuit element includes a first terminal and is thermally connected to the first cooling surface. The second circuit element includes a second terminal electrically connected to the first terminal and inserted into the through hole, and is thermally connected to the second cooling surface.