The difference between Alloy wheel and Mag wheel
When used as nouns, alloy wheel means a wheel rim made from an aluminium alloy, whereas mag wheel means a wheel for a motor vehicle, made from an alloy of magnesium, typically lighter and offering better heat conduction than steel wheels.
check bellow for the other definitions of Alloy wheel and Mag wheel
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Alloy wheel as a noun (automotive):
a wheel rim made from an aluminium alloy
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Alloy wheel as a noun (slang):
mag wheel
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Mag wheel as a noun (automotive, originally late 1950s and into 1960s):
A wheel for a motor vehicle, made from an alloy of magnesium, typically lighter and offering better heat conduction than steel wheels.