We investigate pair creation by an electric field in four-dimensional de Sitter space. The expectation value of the induced current is computed, using the method of adiabatic regularization. Under strong electric fields the behavior of the current is similar to that in flat space, while under weak electric fields the current becomes inversely proportional to the mass squared of the charged field. Thus we find that the de Sitter space obtains a large conductivity under weak electric fields in the presence of a charged field with a tiny mass. We then apply the results to constrain electromagnetic fields in the early universe. In particular, we study cosmological scenarios for generating large-scale magnetic fields during the inflationary era. Electric fields generated along with the magnetic fields can induce sufficiently large conductivity to terminate the phase of magnetogenesis. For inflationary magnetogenesis models with a modified Maxwell kinetic term, the generated magnetic fields cannot exceed 10 −30 G on Mpc scales in the present epoch, when a charged field carrying an elementary charge with mass of order the Hubble scale or smaller exists in the Lagrangian. Similar constraints from the Schwinger effect apply for other magnetogenesis mechanisms.