A hybrid vehicle includes an internal combustion engine, an electrical storage device, an electric motor, an exhaust emission control device, and a controller. The internal combustion engine includes a variable valve actuating device. The variable valve actuating device is configured to change an operation characteristic (IN1a, IN2a, IN3a) of an intake valve. The electrical storage device is configured to store electric power. The electric power is generated by using the internal combustion engine. The electric motor is configured to generate a driving force of the hybrid vehicle by using the electric power stored in the electrical storage device. The exhaust emission control device is configured to purify exhaust gas from the internal combustion engine with the use of a catalyst. The controller is configured to execute catalyst warm-up control. The catalyst warm-up control is control for warming up the catalyst of the exhaust emission control device. The catalyst warm-up control includes first control (first warm-up control) and second control(second warm-up control). The first control is control for operating the internal combustion engine at a first operating point (P1). The second control is control for, after the first control is executed, operating the internal combustion engine at a second operating point (P2) irrespective of a driving force that is required to propel the hybrid vehicle. An output of the internal combustion engine at the second operating point (P2) is larger than an output of the internal combustion engine at the first operating point (P1). The controller is configured to operate the internal combustion engine such that an ignition timing (aop) of the internal combustion engine at the time when the first control is executed is controlled to a retarded side with respect to an ignition timing (aop) of the internal combustion engine at the time when the second control is executed. The controller is configured to control the variable valve actuating device such that, when the second control is executed, at least one of a valve lift of the intake valve or a valve operating angle of the intake valve increases as charging of the electrical storage device is more limited.