Elon said he plans to continue the work he has been doing all along, but now from outside the confines of the Knesset. This includes promoting his diplomatic initiative - the "Elon Plan"- according to which Israel would recognize Jordan, instead of the Palestinian Authority, as the official representative of the Palestinians and as the vehicle for the resettlement of Palestinian refugees in lieu of UNRWA.

"The Right cannot simply say 'no;' it must offer an alternative," he said. "It cannot be that only [recently retired Meretz MK] Yossi Beilin travels around the world with his Geneva Initiative," he added, referring to the unofficial peace plan which advocates dividing Jerusalem and ceding the West Bank to the Palestinians.