Is there an electric field near the surface of a AC current carrying wire?

Is there an electric field near the surface of a AC current carrying wire ? I thought that due to varying current the magnetic field will change thus this may induce an electric field in proximity of a wire ( or even not in proximity) Please corrwct me if i am wrong anywhere

• Can you specify what the current is doing exactly? "A current carrying wire" is too broad. – BioPhysicist Nov 4 '18 at 10:22