My buddy and I did something somewhat similar in his garage for the same reason. His was taped and mudded drywall with no paint. What we did is take a circular saw set at 5/8 depth and cut out a 4 inch wide strip of drywall all the way around the garage and into the electric panel. This was really easy, but also very dusty. I recommend a face mask. We then put normal plastic boxes in and ran normal house wiring through holes drilled through the studs. We did two circuits with a GFCI as the first outlet on each. We then put the cut Sheetrock back in the exact spot it came out, minus the cut outs for the outlet boxes. This made for easy tape and mud. My buddy actually likes to finish drywall.

He moved before we ever got around to painting. We thought this would be easier, cheaper, and look better than exposed conduit. Just another option. Good luck with your project! Post pictures and keep is updated.