Yes, the filter absolutely has an activated carbon layer in it in addition to a HEPA layer. I understand that activated carbon doesn't last long. I have been changing the filter every two months.
Note that because this purifier is mounted at the window, it filters incoming air from outside, not the indoor VOCs that are already in the residence. The indoor VOCs will simply have to get exhausted from elsewhere due to the air pressure.
What I am suggesting is that my need for activated carbon is slightly less because I am rapidly pushing the VOCs out in the resulting exhaust.