What used to be a fire-damaged 1978 Ferrari 308 GTS has now been transformed into a fully electric prancing horse. It's all thanks to Electric GT, a San Diego-based company specialized in converting conventionally-powered cars into EVs.

Meet the "308 GTE," Electric GT’s zero-emissions vehicle which eschews the original 2.9-liter V8 engine to make room for a triple electric AC­51 motor assembly developed by Hi Performance Electric Vehicle Systems (HPEVS). Before a fuel leak burned the engine (and electrical system), the V8 produced 240 horsepower and 195 pound-feet, significantly less than the electric motor which puts out 415 hp and 330 lb-ft.

Interestingly, the electrified 308 GTS uses an adaption of Porsche’s G50 five-speed manual transmission featuring a flipped mid-engine orientation. Electric GT mentions a manual gearbox was selected to preserve the thrilling driving experience you would expect from a Ferrari. Why a Porsche unit? Because the engineers found it a more suitable 'box to better cope with the extra torque.

In its current configuration, the 308 GTE has a 30-kWh battery pack which ensures a range of around 100 miles, but Electric GT says it will soon provide an upgraded battery with double the capacity. Tipping the scales at 3,350 pounds (1,519 kilograms), the electric version is unsurprisingly heavier than the regular 308 GTS which weighs 2,835 lbs (1,286 kg).

During the restoration process, the car was stripped down entirely and all of the OEM parts that were no longer necessary were given to the Ferrari community as a token of appreciation for all the support received via FerrariChat.com.

You’ll be able to check out the one-of-a-kind Ferrari 308 GTE in action on May 22 in Monterey, CA at the Mazda Laguna Seca Raceway. It will take part in Speed Ventures' “REFUEL” 8th annual clean power motorsports event which focuses on electric cars and motorcycles.

We assume Ferrari chairman and soon-to-be CEO, Sergio Marchionne, doesn’t approve of this project taking into account he recently said an electric Ferrari is an “almost obscene concept.” Or is it?

Source: Electric GT

-Special thanks to our main man Tim in The Netherlands!

Gallery: Ferrari 308 GTE by Electric GT