An LED driver includes a power converter to convert an input voltage to a regulated voltage, a current source to be connected with an LED string in series between the power converter and a bias node, and a switching circuit to apply a bias voltage to the bias node to set the total voltage drop of the LED string and the current source. By controlling the total voltage drop of the LED string and the current source, the LED driver will automatically select a boost mode or a buck mode for operation, thereby improving the efficiency thereof.