Yes! It’s called Controlled Cruiser.
Just talk to Mobber to access the D.R.I.V.E. to customize your vehicle, located at the Shipping and Handling headquarters. The Controlled Cruiser is unlocked the moment you unlock the G-99 Breakneck.
You’ll find the Controlled Cruiser travels at roughly half the speed of the starting engine (comparable to the speed of epic flying). If you find yourself getting motion sickness or having difficulty controlling the faster engines, this is a much more manageable speed, and you still have access to drifting and boosting.