I'm going to guess that's the ECU stopping the compressor (or reducing the power) in order to maximize available power for acceleration. For the Volt, the compressor and fans can draw up to 5kW, which is still a fairly big accessory load.
I also wonder if there's any noise contribution from the A/C condenser coil fan...it may be that once there's sufficient air flow from car movement that the car shuts it off..