The Business Congress is a unique Model United Nations committee that simulates an international forum where delegates represent corporations, firms, or economic stakeholders rather than traditional nation-states. Members debate global business issues, such as trade policy, environmental sustainability in corporate practices, and the ethics of innovative technologies. They work to craft resolutions that balance profit with social responsibility, and often focus on innovative, real-world solutions to economic challenges. This committee encourages participants to think critically about the intersection of business and global policy, fostering skills in negotiation, strategy, and economic diplomacy.

Topic: Discussing the future of electromobility

Electromobility represents a vital shift in the automotive industry, driven mostly by the need for sustainable transportation amid growing environmental concerns. In recent years, there has been a sudden increase in pro-environment political movements and mentalities, urging governments and businesses to prioritize eco-friendly practices. This shift has led to stricter regulations on emissions and an enormous motivation for the development of electric vehicles. Companies like Tesla have revolutionized the market, showcasing the potential of EVs to reduce environmental impact while meeting consumer demands.

However, many other worldwide automakers also invested heavily in the electric technology, and their initial optimism is now tempered by a harsh reality. Recent reports suggest that as a result of substantial investments in EV production, many companies are facing challenges, including fluctuating demand and rising battery costs. Some manufacturers, having bet heavily on an electric future, are now struggling with overproduction and the need to pivot towards e.g. hybrid models. Moreover, oil companies face reduced demand for fossil fuels, which leads to lower revenues and market share. This transition reveals a growing recognition that the road to electromobility is not as straightforward as anticipated. As the Business Congress delves into the future of electromobility, it is essential to assess not only the technological advancements, but also the economic implications and valid arguments from both sides of the issue, which may redefine the entire automotive industry as we know it.

Business Matrix:

Advanced: LG Chem ltd, World Wide Fund for Nature, American Petroleum Institute, Shell plc, ExxonMobil

Expert: Volswagen Group, Bayerische Motoren Werke, Hyundai Motor Group, General Motors Company, Tesla inc., REE Automotive, International Energy Agency, Saudi Aramco, PetroChina