An ECU selects a CS mode when an SOC of a power storage device becomes smaller than a threshold value during a CD mode being selected. The ECU allows switching to the CD mode when the SOC exceeds a CD mode allowance SOC threshold value which is greater than the threshold value during the CS mode being selected. When an increase in the SOC is requested by means of an SOC restoration switch, the ECU executes an SOC restoration control. The CD mode allowance SOC threshold value in a case where an increase in the SOC is requested by means of the SOC restoration switch is smaller than the threshold value in a case where an increase in the SOC is not requested by means of the SOC restoration switch.