Sounds as though it is in 'limp home mode', I had a 03 V70 which was lightly rear ended, after it was repaired by Volvo, I lots of problems electronically, various things were changed including seat belt stalks, rear window wiper motor etc. I experienced the 'limp home mode' once. Which I am led to believe is to stop any serious damage happening to the engine or electronics. I was glad to get rid of the car to be honest.