Provided is a technology that makes it possible to reliably obtain the braking force needed when traveling, and to effectively utilize regenerative power generated when braking. This work vehicle calculates the regenerative power output from a motor and a target hydraulic drive power for driving a hydraulic pump. If the regenerative power is no greater than the target hydraulic drive power, the work vehicle causes the regenerative power to be supplied to and consumed by a motor generator operating as a motor. If the regenerative power is greater than the target hydraulic drive power, the work vehicle causes the regenerative power to be supplied to the motor generator operating as a motor and causes power corresponding to the difference between the regenerative power and the target hydraulic drive power to be consumed by an exhaust brake.