A 23-year-old man will face court after allegedly driving at 240km/h in a BWM M5 sedan on the Hume Highway near Goulburn.

The man, who was denied bail on Wednesday, has been charged with causing a police pursuit, possessing prohibited drugs and resisting arrest.

According to NSW police, the man was observed driving at 194km/h and failed to stop for officers attempted to pull him over.

Police eventually abandoned the pursuit when the car continued to accelerate to around 240km/h.

Officers later found the car in Berrimangra with a passenger also inside.

Police allege the driver attempted to drive away when approached by officers, although the car broke down after 100 metres.

The man will return to court on February 26.

Police have also called on a truck driver who reported the incident to contact Crime Stoppers on 1800 333 000 to provide further information.