The car was taken around 2 pm on Monday in Pretoria Street, Stranmillis.
It was later discovered at Main Street, Crumlin.
It is believed the hijacked car hit another car in the area. No-one was injured.
The man is to faced charged with hijacking, possessing an offensive weapon, aggravated taking and driving away, possession of Class B drugs, common assault, no insurance and failing to stop.
A 17-year-old youth who was also arrested has been released pending a report to the Public Prosecution Service.