"The electric car absolutely decimated the gas car," he says.
"Watching the professional driver off the line, the electric car left like a 25-foot burn out as he was just gripping for traction."
The so-called 308 GTE finished the same track 10 seconds faster.
The opportunity for speed is what makes the car a perfect vehicle to transform, according to Hutchison.
"The Ferrari makes a great candidate for conversion because when you're converting the car to electric you're adding power, you're doubling the power, you're doubling the torque," he says.
"This car was meant for speed. It might not have been engineered for this much speed, but it handles it really well. This car actually goes so much better and it feels natural with this amount of power in it."
'It was a mess'
Hutchison found the 1978 Ferrari totally destroyed after a catastrophic engine fire -- the motor and all of its electronics were irreparable. But $10,000 later, he was the owner of a Ferrari 308 shell.