Losing gasoline would absolutely suck for them, though. They have a commuter economy like all the other developed economies; if people can't go to work, the economy ceases to function. Hence the strong push toward EVs.

China has abundant coal, abundant hydro, lots of solar potential (although I think their installed base is just getting started), and decent wind. It makes a lot of sense for them to electrify their economy so that they can transform those coal and hydro resources to something you can drive around.

You can make gasoline out of coal. That was in fact Hitler's backup plan for WWII, in case he failed to secure the oil fields he needed.

Only 20% of China's energy consumption is in the form of electricity. The rest is transport, heating and cooking. They do use some coal for heating & cooking but it's fairly negligible. Therefore coal only supplies about 13% of energy.