High-latitude ionospheric plasma constitutes a very complex environment, which is characterized by turbulent dynamics in the presence of different ion species. The turbulent plasma motion produces statistical features of both electromagnetic and velocity fields, which have been broadly studied over the years. In this work, we use electric field high-resolution observations provided by the China-Seismo Electromagnetic Satellite-01 in order to investigate the properties of plasma turbulence within the Earth’s polar cap. We adopt a model of turbulence in which the fluctuations of the electric field are assimilated to a stochastic process evolving throughout the scales, and we show that such a process (i) satisfies the Markov condition (ii) can be modeled as a continuous diffusion process. These observations enable us to use a Fokker–Planck equation to model the changes in the statistics of turbulent fluctuations throughout the scales. In this context, we discuss the advantages and limitations of the proposed approach in modeling plasma electric field fluctuations.