Road & Track:

This also means Volvo won’t continue using its budget to develop new internal combustion engines. In fact, the current generation of single- or twin-charged inline engines represent Volvo’s last gasoline family. Of course, the option of adding an extra electric turbo to push the two-liter closer to the 400 horsepower mark is still up in the air, but if Volvo’s electric motors get powerful enough in time, it’s hard to see what could justify such a complication.