Major decisions were made by the private sector to delay implementation and commercialization of certain technologies for the automobile industry changeover. The Financial Crisis was predicted ahead of time and to invest without the certainty of success was not in the best interest of those that make major financial decisions. If businesses and individuals were not going to be buying or leaseing vehicles then it may not be the right time to invest an unlimited amount. So, the decisions were made to extent the timing. XGEM projects were delayed for the Hybrid Electric Vans and that meant the new independent energy source was delayed and two other infrastructure projects were delayed. A sad day for the visionary and Private Merchant Banker. It has taken 10 years, placed on hold, waiting for the right time - now! It was like a modern day Atlas Shrugged John Galt moment for those that have read it.
The positive views on the delay are XGEM’s business plans and funding approvals are all intact, technology has advanced, acceptance of Hybrid Eectric Vehicles is solid, usage of alternative fuels are accepted, other energy alternatives – Solar, Wind, etc have developed and history is showing clearly that XGEM is coming into its time. 100 years ago we had the same business plans – electric vehicles – and then came the combustible engine – it changed everything. History has a way to repeat itself and that is good news. XGEM will be part of that history.
There are parts of the XGEM projects that have very positive affects and will be used to modernize our energy policies that will benefit our country. The key is to have the XGEM Hybrid Electric Vehicle project started and planted in multiple locations for the economic growth and new jobs. This completed before regulations and directives are written to control it for reasons that are not to the benefit of the country today. An example is to pass laws to tax miles you drive since you are not paying for fuel. Just wait as the answer is not this.