An ECU performs a process including: when a vehicle establishes a Ready-On state, selecting a CD mode; when discharging power is uncompleted and a scheduled time to return the vehicle is a time within a discharging period, setting a second target SOC as a mode switching value; and when the vehicle's power storage device has an SOC reaching the mode switching value and a surcharge imposed on a rental fee is unaccepted, switching the current control mode from the CD mode to a CS mode.