A vehicle having a traction battery and at least one electric machine for propelling the vehicle is provided. A high voltage DC bus electrically connects the traction battery to the electric machine. A controller monitors and commands power flow through the DC bus, the electric machine, and the battery. In response to a key-off event, the controller immediately discharges the DC bus by providing a current to the electric machines. This discharge continues until the voltage on the DC bus reaches a threshold. As the speed of the electric machine decreases towards a speed threshold, the voltage in the DC bus is maintained. Once the electric machine speed reduces past the threshold, the DC bus discharges the remaining voltage in the DC bus at a rate slower than the first immediate discharge.