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(CNN Business) —  

Tesla’s reign as the king of electric car makers could be in jeopardy.

Traditional automakers are planning big pushes into electric vehicle production, none more so than Volkswagen.

At first blush it may not seem like Tesla could lose its dominance.

It has sold nearly 500,000 cars worldwide, which accounts for about 20% of all the battery-only electric vehicles on the road today, according to an estimate from Navigant Research.

The company is finally turning a profit and meeting its production goals.

At 250,000 units in the United States, Tesla has about double the amount of Nissan Leafs, the No. 2 electric car in America. Nissan has sold more than 125,000 Leafs since its late 2010 debut GM’s all-electric offering, the Chevy Bolt, has only sold about 36,000 cars since it debuted in 2016.

Volkswagen has a plan