In a control device for a hybrid vehicle, the charge/discharge setting unit sets a charge/discharge demand for an electricity storage device during a limp home mode, and the operation control unit controls an engine and a motor generator such that the electricity storage device receives/outputs a power in accordance with the charge/discharge demand set by the charge/discharge setting unit. In the case where a charge/discharge amount X input/output to/from the electricity storage device when the engine is operated to generate a required driving force is smaller than a charge/discharge amount Y based on the charged state of the electricity storage device, the charge/discharge setting unit sets, as the charge/discharge demand, the smaller one of the charge/discharge amount Y and a charge/discharge amount Z based on the upper-limit rotation speed of the engine set in accordance with a torque transmitted by a drive shaft.