The Lamborghini Huracan was breaking its supposed top speed of 325 km/h (202mph) when the driver lost control on the M7.
The incident occurred in September last year, and was the first ever reported Huracan crash. Video footage has now emerged from inside the vehicle at the moment of the horrific smash.
The luminous green Huracan, registered in the Czech Republic, is seen reaching 336 km/h when the video suddenly becomes shaky.
Hungarian police say the roads were not built to withstand such high speeds, causing the car to hit a barrier, plunge into a ditch and catch fire.
The occupants of the vehicle can be heard shouting but the video cuts out before the crash itself.
The footage is followed by police photos of the aftermath, showing a decimated heap of metal, completely unrecognisable except for some of the bright green panels.
The driver, 36, was taken to hospital with severe burns, and faces charges of reckless driving and endangerment.
The M7 motorway travels from Budapest, along Lake Balaton and into Croatia. It comprises part of the trans-European E71 road.
The Lamborghini Huracan was released as the replacement for the Gallardo at the Geneva Auto Show last year. The hypercar can go from 0-60mph in 3.2 seconds and reach over 200mph.