The hybrid vehicle is provided with a power distribution mechanism (20) distributing a power of an internal combustion engine (16) to a wheel side output shaft (6) and a first motor generator (18), and a transmission (14) transmitting a power of a second motor generator (12) to the wheel side output shaft (6). An electronic control unit (30) executes a rotation synchronization control for synchronizing a rotation speed of the second motor generator (12) prior to the gear shift with a rotation speed after the gear shift at a time of gear shift of the transmission (14). In the case that a neutral request for shutting off a power transmission to the wheel side output shaft (6) is executed during an execution of the rotation synchronization control, an execution of the neutral control of shutting off the application of current to the first and second motor generators (18, 12) is inhibited until the execution of the rotation synchronization control is finished.