[Problem] To provide a hybrid wheel loader capable of highly efficient and stable supply of motive power. [Solution] A hybrid wheel loader including: a front work machine (5) provided at the front of a vehicle; power sources including an engine (1) and an electric storage device; and a hybrid control device (20) which controls output of these power sources; characterized in that: a capacitor (11) is provided as the electric storage device; and the hybrid control device makes control to decrease a voltage of the capacitor in accordance with increase of energy held by the vehicle.