This article says they'll be using mild hybrids which makes things seem a lot more possible:
Every Volvo introduced after 2019 will be a hybrid or EV - Autoblog
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The era of Volvos powered purely by internal combustion is nearly over. The company announced this morning that from 2019 on, every single new model introduced will be electrified in some way. This includes full EVs, plug-in hybrids, and 48-volt mild hybrid.
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