Police have dropped their investigation into the horrific incident, which took place in a back alley in Osborne Street, Lowestoft, as "no suspect was identified".

CCTV footage showed the duo sprinting across the snow-covered alleyway after shattering the windows of a blue Honda just before 11pm on January 3.

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The suspects returning to the car to set it on fire (Image: Supplied)

Blood-curdling screams, the sound of glass being smashed, barking dogs and shocked shouts of "what the f***" could be heard in the aftermath of the frenzy.

An eyewitness said a woman was inside the Honda when its windows were smashed, but she managed to run away while a man "poured a flammable liquid into the car".

The devastating blaze quickly spread to two other vehicles that were parked "very close" by.

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The fire also spread to two other vehicles, including a Ford (Image: Supplied)

A black Ford adorned with a "paws on board" sticker was also left completely melted by the flames.

Police and two fire crews from Lowestoft South attended the scene.

A police spokesman added: "This case has been closed pending further investigative opportunities becoming available."

© Eastern Daily Press