An ECU includes a running mode control unit, a Wout control unit, and an engine start/stop determination unit. The running mode control unit controls switching of a running mode including a CD mode in which an engine is stopped and running using a motor generator alone is given priority, and a CS mode in which the engine is operated and the SOC of a power storage device is maintained at a predetermined target. The engine start/stop determination unit carries out a start determination of the engine based on a discharge allowable power indicating electric power that can be discharged by the power storage device. The Wout control unit modifies the discharge allowable power based on the running mode and operation/stop of the engine.