Driver emotion recognition plays a crucial role in driver monitoring systems, enhancing human-autonomy interactions and the trustworthiness of Autonomous Driving (AD). Various physiological and behavioural modalities have been explored for this purpose, with Electrocardiogram (ECG) emerging as a standout choice for real-time emotion monitoring, particularly in dynamic and unpredictable driving conditions. Existing methods, however, often rely on multi-channel ECG signals recorded under static conditions, limiting their applicability in real-world dynamic driving scenarios. To address this limitation, the paper introduces ECG-EmotionNet, a novel architecture designed specifically for emotion recognition in dynamic driving environments. ECG-EmotionNet is constructed by adapting a recently introduced ECG Foundation Model (FM) and uniquely employs single-channel ECG signals, ensuring both robust generalizability and computational efficiency. Unlike conventional adaptation methods such as full fine-tuning, linear probing, or low-rank adaptation, we propose an intuitively pleasing alternative, referred to as the nested Mixture of Experts (MoE) adaptation. More precisely, each transformer layer of the underlying FM is treated as a separate expert, with embeddings extracted from these experts fused using trainable weights within a gating mechanism. This approach enhances the representation of both global and local ECG features, leading to a 6% improvement in accuracy and a 7% increase in the F1 score, all while maintaining computational efficiency. The effectiveness of the proposed ECG-EmotionNet architecture is evaluated using a recently introduced and challenging driver emotion monitoring dataset.