A vehicle includes a first motor generator that generates electric power using power of an engine, a battery, and a second motor generator that is connected to drive wheels and is driven by electric power supplied from the battery and the first motor generator. An ECU of the vehicle drives the first motor generator as an electric motor with a regenerative electric power, executes a braking control, in which a load of the first motor generator functions as the engine, when an SOC is equal to or more than a threshold value of a waste electric-power start, and changes the threshold of the waste electric-power start based on a running condition of the hybrid vehicle.