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This paper investigates the influence of a constant carrier phase shift on the DC-link capacitor harmonic current of cascaded converters used in fuel-cell and mild-hybrid electric vehicles. In these applications, a DC-DC converter can be adopted between the battery and the motor drive inverter in a cascaded structure, where the two converters share the same DC-link. Since the DC-link capacitor of such a system represents a critical component, the optimization of the converter operation to limit the current stress and extend the lifetime of the capacitor is an primary objective. This paper proposes the use of a carrier phase shift between the modulations of the two converters in order to minimize the harmonic current of the DC-link capacitor. By harmonic analysis, an optimal carrier phase shift can be derived depending on the converter configuration. Analytical results are presented and validated by hardware-in-the-loop experiments. The findings show that the pulse width modulation carrier phase shift between the interleaved boost converter and the voltage source motor drive inverter has a significant influence on the DC-link capacitor current and thus on its lifetime. A case study with two-cell and three-cell interleaved boost converters shows a possible DC-link capacitor lifetime extension of up to 390%. [ABSTRACT FROM AUTHOR]