Sometime back we had news about how VoLTE is battery killer and how it would suck our 4G phones dry. Well, I agree. I am no fan of VoLTE and think that CSFB solution can suffice in mid-term. Having said that, there is a solution which would be soon available to sort this battery issue during VoLTE call. I had a post on this topic earlier titled SPS and TTI Bundling. I am not sure about exactly how much saving would occur if either of the features are implemented.
ST Ericsson has recently released a whitepaper on this topic that is embedded below. If you have more idea on this, please add it in comments.