Plug-in hybrid electric vehicle(PHEV) is a hybrid electric vehicle (HEV) with more added battery capacity that can be recharged from the electric power grid. Plug-in battery electric vehicle(PBEV) is a pure electric vehicle that uses only electric motor using electricity from battery that recharged from the power grid. PHEV and PBEV requires recharging of batteries in the vehicles from electric power grid. Recently, PHEVs and PBEV are being developed around the world. It is important to understand how these electric vehicles affect power demands and carbon dioxide emissions. From vehicle customer viewpoint, running energy cost will be imporatnt factor to consider. This paper analyzes the potential impacts of PHEVs and PBEVs on electric power demand, and associated CO2 emissions in 2020 with an projection that the vehicles will be penetrated with 10% market share. Energy costs for the vehicles are also calculated and compared with the conventional combustion vehicle.