In the footage, recorded on Nov. 7, a car parked alongside a sidewalk is seen erupting in massive flames.
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The Corona Police Department said that the suspects, believed to be two women, also allegedly tried to torch another car that was parked in a family's driveway, but the vehicle's alarm went off.
The suspects are described as being in their 30s. One of the women is described as having a thin build and may have been burned in the incident, investigators said. The other has a medium build and long hair.
The pair fled the scene in a blue Kia Soul, which may have sustained damage from the flames.
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The suspects fled westbound on West Ontario Avenue and were last seen on West Sixth Street, heading toward the 91 Freeway, police said.
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Anyone with any information about the incident or the suspects is urged to contact Corona Fire Investigator Xente Baker at (951) 736-2257 or via email at xente.baker@coronaca.gov.