The quantum speed of evolution for the phase covariant map is investigated. In this context, we consider various combinations of (non)-Markovian, CP-(in)divisible, quantum channels and analyze how they affect the quantum speed limit time. The role of coherence-mixedness balance on the speed limit time is checked in the presence of both vacuum and finite temperature effects. We also investigate how the combination of (non)-Markovian channels decides the rate at which Holevo's information changes under different purity conditions.