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.