The driver accused of a hit and run in Ballarat that left a cyclist fighting for his life considered "fleeing" the state, police say.

Rebekah Emily Stewart, 23, was arrested at her friend's house in Altona North about 2pm on Thursday.

Christian Ashby was hit by a car while riding his bike early on the morning of Good Friday.

Ms Stewart has been charged with negligently causing serious injury, dangerous driving causing serious injury, failing to stop after an accident when someone has been seriously injured, failing to render assistance when someone has been severely injured, driving an unregistered vehicle and driving while disqualified

Ms Stewart, of Mount Pleasant, appeared before an out-of-sessions hearing at North Melbourne police station on Thursday evening.